Don’t think you are the only one in this situation. This exact same dilemma is happening to a lot of young people. The price of land has gone so high young couples just starting out cannot afford to purchase land and build a house.

If it’s the deal you say it is, buy it.

Ever heard anyone say, “boy I’m sure glad I didn’t buy the ground”?

If the land is worth the money, you can’t go wrong. I finally learned my lesson at about 34 years old. I let some sweet land deals go. Always talked myself out of it. Finally pulled the trigger twice. These two properties are my pride and joy.

The prebuilt cabins can be bought for close to or maybe even less then getting a mobile home moved. Get one with a loft and partition off a bathroom then get a septic system and well.

I didn’t think of this earlier, but if you buy the land and pay it off, the bank might allow you to use that as collateral to get the construction loan.

What are they growing? crop land is 150-200 around here. Hay is 50 per acre. Trust me that will pay the taxes and insurance....

Another thing you can count on is if you split the land there is a good chance it will be sold again and to whom? You can live in a pretty small house and build on to it later.

This is exactly what I was thinking, but would not have posted before you figured it out yourself.

You would be putting all of your eggs in one basket. And, if the only way you can afford your dream is to sell off half of it.....HUH? It ain't the right property.

I am in kind of the same situation. Yeah, I'm a lot older, and have the money, but, when looking for land to build on, you need to factor in a lot, such as:

• land, of course
• structure & foundation probably a couple hundred bucks per square foot. even prefab
• well & septic maybe 50 grand
• Where are the utilities? How much to hook them up?
• Do you have a road? and are you able to get your new modular home in?
• permits and other crap most folks never think of will set you back several grand

I don't want to give any advice, since I know so little. I think you are on the right track, now scale down a bit. Keep looking. The right property will show up.

... buy the land ... keep the frontage for yourself for now... cut the back up into acre lots and sell to meth cooks ... charge a tax on their profits for the cover then sell the frontage and buy yourself a couple hundred acres and build a big log house

I've been kicking myself for 33 years for passing up a piece of land. If I could go back and do it again, I would talk to a financial advisor and figure out a way to get it done.

It's a lazy man that can't get his new wife two jobs to pay for a good property

If you think I’m selling the river bottom to the meth cooks you done lost your mind!! That’s my duck impoundment Savell!!

All good points. For a little background my dad is a brick mason turned general contractor turned school teacher. I grew up in masonry and construction and went to school and got an engineering degree. Pops still keeps his GC license updated and builds a house or two here and there. He would be my GC for my house.

I can build a block framed house for around $120 per square foot with current material prices. We built dads latest for $92 per square foot in 2020 before the craziness.

Well and septic will not cost quite 50k. Going rate for a well is 10-15k and the same for the septic. Should be able to get out for 20-30k and it is mandatory that be part of the construction loan unless existing well and septic are at the land.

No public utilities within 20 miles so it will be private well with a septic tank

There is an existing asphalt driveway on the property.

I’ve been doing all the research I can to find a way to make this purchase happen financially. I don’t know that there is a way to do it without being stretched thin

Financial stress is a huge part of many divorce. What's land going for and what's the selling price. I haven't heard enough to tell if it's a really good deal or rather if it that it's a really nice property and just out of your reach and you want it sobits a really good deal? There is a difference

A good deal is land that's selling for 6 k per acre but this is selling for 3700. Vs. I can get it and I want it making it a good deal.

If the first if you get in a bind it can be sold. We looked in 3 states for over 5 years before we got out farm. I can sell it for 3x or more.what I paid 5 years back. That's a really good deal. Some of that is how things have gone crazy in price but the day I bought it I could have sold it foe double the price.

Buy the land!!! Once it's gone it's gone. They don't make land anymore but you can always buy a house. I bought 15 acres out of 55 that was for sale because I wanted a house also. I am so sorry I did not buy the whole thing. Don't make the same mistake I did. You will not regret buying the 45 acres.

Buy it and worry about a house later. Make them set the loan up so principal is paid then interest. It will save you thousands over the loan payback

Our going rate for land is very high in this area. Currently land is selling every day for 20k per acre plus. Before the craziness it sold for 10-12k per acre. The asking price on this land is 7500 per acre

My advice as well.

Buy Dirt! We started buying land in 1985, people laughed at my brother and I said all the negative things you can think of. We are laughing every day, we were young financially strapped, made payments on down payment plus payment. Sold what we could that we owned. Sweat equity, logged ourselves on top of full time occupation. Land contract at 10% interest. 790 acres of our own heaven now. The regret, we had opportunities to buy 1800 acres and passed not enough vision, then 880 acres attached and would go up $200 an acre to get it. Regrets didn't buy it, Buy dirt! One issue is how much does your wife support your passion, mine is my best hunting, trapping partner, and friend!

Sounds like a good deal as you said. How is your living arrangement and can you stay there and swing the payments on the land?
Is your wife willing to live in say a camper for 5 years on the land if that's what it would take. Basically is she on the same page as you in your life goals and dreams? Or is she more inclined to want a nicer h I use and vehicle now. How fare out are kids in the plan, job changes or advancement.

I'm in the buy land camp and you will be amazed at what you can do and how much you can save just growing a garden, making soap, ect... land always goes up it seems.

But your first responsibility is to your bride. Is she all in and are you both willing to stick out the tough lean times for as long as it takes? It's not a question that should be taken lightly but given serious thought discussions and if so inclined commitment.

Talk with your wife get on the same page and make some plans. 6 months one year 3 years 5 years. Now those plans will change and you will probably fall short but it gives you bothe direction. Even when you fall short you heading in the correct direction not wasting time going in the wrong direction.

Get living arrangements lined out that are acceptable to you both. And be sure she is really in and committed not just saying yes to make you happy. Once you have that done and you can afford the land jump on it fast if that's what you both want.

You both have to really want it. People say marriage is 50/50 they are dead wrong. Marriage is each giving 100% so it's 100/100. It's a lot of work so keeping on the same page and good frequent communication.

How many of you all would break into your 401K to buy land. Before your 59 1/2 with the penalty? CoonDagger, like others have said, buy it and eat bologna sandwiches. When you are in you 60s your grand kids will enjoy running around on it.

Have your future bride hok her engagement ring and tell her to get another job at night. Tell her not to forget the importance of the “Me Too” movement and start contributing something to the equation besides what colored flowers to have on the tables at your reception.