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One old-fashioned option seems to be missing here (so far). My dad bought a piece of property, a set of books and a plan, and took out a loan for materials. The
by 8bitsrule 5y ago
One old-fashioned option seems to be missing here (so far). My dad bought a piece of property, a set of books and a plan, and took out a loan for materials. Then he and a carpenter friend built a two-story 25x40 house (2nd floor unfinished) on top of a poured basement. The loan was paid off in 15 years.
- giantg2 5y agoDepends on the person's background and the restrictions/regs in the intended area. I believe construction loans require more down, which might be tough for a 20yo.