So here’s the deal, I am a builder by trade, I used to be a superintendent for homes up to 16,500sqft. I know how to build homes. I have been traveling the world for the past several years and am looking to build a home to develop a home base, and maybe sell in a few years. I have 100k down and 800+ credit, but just seasonal jobs (I do ok in them 70k a year or so). Also zero debt How hard is it going to be to get a land loan, then a builders loan. I want to spend less than 100k on the land, and do most the work myself, end up with a final home value of around 500k. Does this seem reasonable?
I am looking in Prescott AZ. Also can I pay myself out of the building loan?
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source https://www.reddit.com/r/RealEstate/comments/1cj31by/it_seems_doable_but/
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