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Is buying land then building a home a good idea?

My dream is to buy a land for sale then build a home or just put a mobile home in it. But is it too good to be true? any set backs? i was looking and i found good lands for around $40,000 then some trailers for cheap. i would like to build a home throughout the years and buy many lands for cheap. I would also like to buy my own land and build a food stand, my own little business. for all it’ll be less than $200,000 which is cheap for where i live (SOUTH CAL). I know plumping and electricity will play a part, but it’s not too bad. Do i have to pay tax on the homes every year? even if it’s payed for. will each land play a role in my taxes?

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Sunday, November 24th, 2013 Land for Sale 2 Comments