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If your house will be paid off, what is it worth? There may be a good chance you can get financing using the existing property's equity to get a loan to buy the land. For example, if the current property is worth $150K, I don't think you would have any problem using that equity to borrow say $50-60K or more... Is there a graduate with banking or real estate experience? A local grad?
You might also check with HQ, I am sure they would have some ideas from chapters with similar problems...
Another question though... if you don't have the cash to buy the property, how will you afford to build on it?
Bill
(Beta Pi '87)
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