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The Water Cooler
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Buying Land/Construction Loans?
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<blockquote data-quote="Tin Star Firearms" data-source="post: 2081692" data-attributes="member: 7309"><p>I contacted a general contractor that I wanted to use and gave him a set of plans. Once he had figured out what it would cost, I spoke to a few banks to secure the funding. Then once a week, I would write the contractor a check for the work that was completed that week such as framing, painting etc and call the bank to let them know. They would keep me up to date on the level of the account so I knew where I was at as the house neared completion. Once it was all said and done, they sold my account to Wells Fargo and I am happily raising my family in the house on twenty-five acres. </p><p></p><p>Andrew</p></blockquote><p></p>
[QUOTE="Tin Star Firearms, post: 2081692, member: 7309"] I contacted a general contractor that I wanted to use and gave him a set of plans. Once he had figured out what it would cost, I spoke to a few banks to secure the funding. Then once a week, I would write the contractor a check for the work that was completed that week such as framing, painting etc and call the bank to let them know. They would keep me up to date on the level of the account so I knew where I was at as the house neared completion. Once it was all said and done, they sold my account to Wells Fargo and I am happily raising my family in the house on twenty-five acres. Andrew [/QUOTE]
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