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Old 01-18-2020, 04:15 PM   #5
Descant
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Join Date: Mar 2006
Location: Merrimack and Welch Island
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Default Good timing

Welcome to the Lakes Region. This is a good time in terms of low interest rates. Buying land with a mortgage can be more difficult than buying land with a finished house on it. At a time when skilled labor may be in short supply, you want to protect yourself against building delays, subs taking on too many projects and six month project running into many more months. Three parts here: land, builder, banker. A good banking relationship can make the other two parts a lot easier. Even if you're planning to pay cash, having a good banker on your side can provide extra leverage.
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