In Amarillo where I was building previously they called this type of soil “Fat Clay” which was just a way to describe how the soil reacted when it got wet.

Big Fat No!

Originally posted by @Matt Gragg:@Evan Bell ... I

This one was a royal pain in an attic that was barely high enough to crawl around in on my belly , so I'm sure the price would have even gotten higher if I had paid for the labor .

Two, what if the economy goes belly up after you have bought the property and the rest of the development isn't finished?

Not your fault, but unfortunate.My first few were 10%-20% down like you are discussing, but all of mine have been belly to belly, no agents.  

On my own, belly to belly with principals.  

Took me this long to be able to sell the house and not go belly up, so I guess that makes me a survivor of ignorance.I want to avoid making another mistake, cause I'm not getting any younger (39yr old). 

Thank you@David Bell!  I

When they see fire in your belly and not excuses then they might just be the bank on your first deal to get you going which could be easier to qualify for than tradiitional routes.