Meager1
Dagobah Resident
I had this idea about building houses very cheaply, without a bank to profit from it, since there is never a mortgage.
These are beautiful, solid houses, they are bullet proof, hurricane proof, fire proof, insect proof etc, and could possibly be built for under (15 thousand dollars) a house, with no mortgage.. and by not even owning the land it is built on, but no one seems interested in pursuing it or even listening to it.
It`s just to out of the box, I guess.
Anyway, the idea was to go to land owners who have extra acreage and make the offer of renting an acre of land for 10 years, at a rate of a hundred dollars a month.
And this is only as an incentive, so they actually see some income while they wait..
The house would be built on this acre of land and the "builder" pays the land owner the hundred dollars a month rent on the land, but the builder collects rent on the house he has built there for 10 years.
The land owner has a choice of two houses to pick from, to have built on his land.
One is a 3 bedroom single family, and the other is a four unit rental.
He decides which he wants.
After the 10 years of collecting rent, the house has paid for itself a dozen times over and the builder now "gives" free of charge, no strings attached..the house on his land, to the land owner to either rent out himself, give to a child, or sell outright.
Whatever he chooses, since it is now his house, free and clear with no mortgage.
The builder simply builds more houses on other land owners extra acreage, cheaply..holds them for ten years collecting the rent, then transfers the house to the land owner.
Seems to me, that no one would lose doing something like this, except for the banks!
These are beautiful, solid houses, they are bullet proof, hurricane proof, fire proof, insect proof etc, and could possibly be built for under (15 thousand dollars) a house, with no mortgage.. and by not even owning the land it is built on, but no one seems interested in pursuing it or even listening to it.
It`s just to out of the box, I guess.
Anyway, the idea was to go to land owners who have extra acreage and make the offer of renting an acre of land for 10 years, at a rate of a hundred dollars a month.
And this is only as an incentive, so they actually see some income while they wait..
The house would be built on this acre of land and the "builder" pays the land owner the hundred dollars a month rent on the land, but the builder collects rent on the house he has built there for 10 years.
The land owner has a choice of two houses to pick from, to have built on his land.
One is a 3 bedroom single family, and the other is a four unit rental.
He decides which he wants.
After the 10 years of collecting rent, the house has paid for itself a dozen times over and the builder now "gives" free of charge, no strings attached..the house on his land, to the land owner to either rent out himself, give to a child, or sell outright.
Whatever he chooses, since it is now his house, free and clear with no mortgage.
The builder simply builds more houses on other land owners extra acreage, cheaply..holds them for ten years collecting the rent, then transfers the house to the land owner.
Seems to me, that no one would lose doing something like this, except for the banks!