Recent content by fruitjacket

Wouldn't know the first thing about it, but there's a LOT of wooded property. I'm not opposed to the idea. Appreciate that!

I have a buddy in Pine (near Braham) that said he'd sell me 5 acres of his land, but then they're hearing that I'd need 10 to build on. But I think that's just rumors. Plus I'm going to be working in Elk River, and don't really want to drive that far each day for commuting. Yeah internet is...

Based on your suggestion, we started looking at cheap acreage. Woman was not thrilled with the idea at first, but is warming up to it. https://www.redfin.com/MN/Milaca/15041-190th-St-56353/home/50056503

You know you'd figure that would be the case. I contacted two local big name builders and they both said "we don't finance them, you'll have to call your bank". It would seem I'm not the first person to run into a financing issue; so why not be proactive and find someone who will help your...

First off, I truly appreciate the long-winded post. Thank you for your time. And I also tend to agree with you on the points made inside. This is one of the reasons I asked such a question; because I'm looking for the gotchas. We're considering buying a mobile home (yeah...I know) on 40 acres...

I honestly have NO idea. I'm trying to figure out if it's even viable.

See I figured $500 to $1000 per acre near Cambridge area (north of there actually). But the lots I'm seeing are $80k for 40 acres unless it's swamp land. I can do the majority of the work on the house. Won't touch plumbing. Have friends to help with electrical, framing, sheetrock, etc. I...

Thank you! I'll figure something out!

Excellent info. That's what I was hoping for (good info) and also feared. Thank you.

First off, I appreciate the feedback. Thank you! So I'm understanding that my odds of getting financed for something like this is very small. However, I don't understand what you mean that my self-employment income only counts on my post deduction line? I'm sorry but I'm not following you...

My fiancee and I want to purchase about 40acres of wooded land and build a barndominium/pole shed home on it. This will be our forever home. I earn a pretty good wage here in MN and have essentially no debt (just a truck payment). I also own a small business that can be essentially run from...