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Nesgroup address: misc.consumers.house - Date & Time for the message: Wed, 23 Mar 2005 01:41:50 GMT
/ Author of the message: Roseb44170@aol.com (Rose) |
Title of the message: |
Re: Which comes first: Buy land or construction loan?
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Text of the message: |
On 22 Mar 2005 15:18:07 -0800, whilst I was lookin "Woods" <woods_rule@yahoo.com> wrote: >I have $30,000. I want to build my own house. The area I'm looking at, >the 30 grand is plenty enough for the land I need, while I plan to go >into debt for the home itself. > >Specific question: Should I go shopping now for the land and just write >a check for it, or should I get the construction loan first? > >I know when you add up the numbers, there's really no difference, but >I'm thinking there might be some kind of technicality here that could >bite me in the ass later. Things like taxes, write-offs, even PMI, >etc., if I don't technically get the loan for everything. > >I know what I want, but I don't have any blueprints, permits >(obviously) or even a timeline, really. I ain't got nothing but 30 >grand, good credit and an area with a relatively low cost of living. > |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.