It doesn't take long to learn how to spot a good deal.6.

You're in the right spot.

Hey @Stephanie MedinaYou’re in such an exciting spot right now!

It doesn't take long to learn how to spot a good deal.6.

Instead of paying market for spot lots I create my own lots  and capture that equity.

1) 20% down will allow you to do a conventional investment loan, but you will have to either:- Qualify with the new payment + your current payment- Lease the property out, allowing the lender to use 75% of the monthly rent to offset the mortgage (confirm with a lender).2) You could also do a DSR 20% down loan, but the interest rate will be much higher than conforming rates.3) If less than 20% down, you could:- Do a 10% 2nd home loan as long as the new property is at least 50 miles from your current home or near a qualifying vacation spot (confirm with a lender).- Do a 5% down conventional mortgage if you plan to rent out current home and live in the new one for at least 12 months.

Location, view, water, trees, electric, water.Will clear building spots and plant 100 fruit trees and 800 hardwood seedlings.  

Actually, I spotted your comment as an after thought, insignificant to me.

I agree that leverage and debt are good to a point, but many people just want a paid off spot to live in and maybe some extra income if it's easy enough (and/or low enough risk) to come by.

two things I have learned.  1,200 is a sweet spot for demand, and if you do have a large unit of 2,500 get a couple of them zoned for auto.