Armchair developers, Here's your chance.

[iheartthed]

It doesn't take a million about $40K in cash will do, That and the ability to get a mortgage.

What bank is going to give someone a mortgage for that?

[ndavies]

What bank is going to give someone a mortgage for that?

I received approval from both Flagstar and Independent bank to build my new home there. I went with independent bank.

[iheartthed]

I received approval from both Flagstar and Independent bank to build my new home there. I went with independent bank.

On a vacant lot in an abandoned part of Detroit? Interesting.

[Richard]

I received approval from both Flagstar and Independent bank to build my new home there. I went with independent bank.

Did you apply solely on your behalf or did the builder arrange it.

Just because you are currently doing it does not automatically determine that it is feasible for everybody,saying one is building a house is also vague,it could be a tiny house of 200 sqft.

How much per sqft are your building cost estimates?

Including site prep,utilities etc.?

During the boom it was easy money and everybody was doing it,until ......

There have already been posters questioning what happens when the NEZ runs out,how many of those homes will be back on the market?