Buy Foreclosures w/
No $ or Credit!
FREE Success Kit Now!

--------------------------
Hard Money Lenders
You Need To Be Listed!
Click Here Now!


Welcome, Guest. Please login or register.
Did you miss your activation email?
February 26, 2017, 08:11:23 PM

Home Help Search Calendar Login Register
Free Monthly Update
Name:
Email:
Buy Foreclosures w/
No $ or Credit!
FREE Success Kit Now!

--------------------------
Hard Money Lenders
You Need To Be Listed!
Click Here Now!


Welcome, Guest. Please login or register.
Did you miss your activation email?
February 26, 2017, 08:11:23 PM

Home Help Search Calendar Login Register
Free Monthly Update
Name:
Email:
Click Here to Register for the Discussion Forums
Real Estate Investing Forums | Real Estate Investing | Sub2, Owner Finance, Options, Lease Options Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas) | Topic: Should I buy a plot or built house?
« previous next »
Pages: [1]
Print
Author Topic: Should I buy a plot or built house?  (Read 2326 times)
homesteadroad
Member
*
Offline Offline

Posts: 25



WWW
« on: October 03, 2016, 04:12:26 AM »

Which one will the best and profitable option.
Report to moderator   Logged

Gold River
Member
*****
Offline Offline

Posts: 2293



« Reply #1 on: October 05, 2016, 05:26:51 PM »

Hi,

    You mean buy a burial plot?   flush

I don't think their any profit for you in death? Maybe for your heirs?

Your not talking about building a crypt are you?

Plot? House?


                    GR
Report to moderator   Logged
Bluemoon06
Moderator
Member
*****
Offline Offline

Posts: 3192


WWW
« Reply #2 on: October 10, 2016, 04:06:21 PM »

The cheapest you can build a house for is the cost of the land and cost of the materials that went into the house.  You can buy a house for less than the land and materials cost.  For example if it costs $10k to buy a lot and $80k in materials you have a house that has $90k in it.  Lowe's is not going to give you the materials any cheaper than what they cost.  But if you find a person that bought that house for $80k paid on the mortgage until it has a balance of $20k and they want to sell the house for what they have in the house you can give them $20k to go away.  You have just bought a house for less than the materials that make it up.
Report to moderator   Logged

Real estate to Retire you
http://sphinxwealth.com/
homesteadroad
Member
*
Offline Offline

Posts: 25



WWW
« Reply #3 on: November 02, 2016, 12:45:32 AM »

The cheapest you can build a house for is the cost of the land and cost of the materials that went into the house.  You can buy a house for less than the land and materials cost.  For example if it costs $10k to buy a lot and $80k in materials you have a house that has $90k in it.  Lowe's is not going to give you the materials any cheaper than what they cost.  But if you find a person that bought that house for $80k paid on the mortgage until it has a balance of $20k and they want to sell the house for what they have in the house you can give them $20k to go away.  You have just bought a house for less than the materials that make it up.

Exactly, i think nowadays nobody has time to buy a plot and build a house.
Report to moderator   Logged

Pages: [1]
Print 
Real Estate Investing Forums | Real Estate Investing | Sub2, Owner Finance, Options, Lease Options Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas) | Topic: Should I buy a plot or built house?
« previous next »
Jump to:  



Login with username, password and session length

Powered by SMF 1.1.8 | SMF © 2006-2017, Simple Machines LLC