Posted: 2/22/2009 3:41:32 PM EDT
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Check out this awesome cave home for sale. If I could afford it its not too far from work and it would make a great shelter from what you can see in the pictures.
Cave house on ebayhttp://cgi.ebay.com/Unique-Cave-Home-over-15-000-sf-Beautiful-setting_W0QQitemZ330306913609QQcmdZViewItemQQptZResidential?hash=item330306913609&_trksid=p3286.c0.m14&_trkparms=72%3A1205%7C66%3A2%7C65%3A12%7C39%3A1%7C240%3A1318%7C301%3A1%7C293%3A1%7C294%3A50 |
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He is trying to line up financing. He got a 5 year balloon note to build it and expected to get a loan when he was done.
He is setting up an LLC to hold the note and the members of the LLC would put up money and carry the note. He needs only 85K to keep it. He has my pledge of 300.00 dollars to the loan. It would be just like a bank loan except we the members would own the bank and there would be only one mortgage issued. ETA : That cave in back is a preppers dream. By the way he has 100 drop head drums in there. What's his screen name? His Website with all the construction pics. |
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Quoted:
Man,.. waaayyy cool.
I hope this guy can come up with the financing. It would be a shame to have him lose his dream home that he worked so hard for 
Guess he should have made better decisions before starting... That eBay auction looks more like a plea for donations, same as the Yahoo interview. No way he will sell the house for only 300k. |
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Quoted: Quoted: Man,.. waaayyy cool. I hope this guy can come up with the financing. It would be a shame to have him lose his dream home that he worked so hard for Guess he should have made better decisions before starting... That eBay auction looks more like a plea for donations, same as the Yahoo interview. No way he will sell the house for only 300k. Well the way it sounds to me was it wasn't that he didn't have the income.. as in can't afford it... the problem is no banks will finance him... that would suck, is he truly has the means to pay, but banks won't finance due to tightening the criteria... |
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It's cool enough, but for $300k I'd rather have a smaller house and ALOT more land. I suspect he is having trouble getting a loan because of it's unconventional nature. I wanted to build earth sheltered and no bank locally would even discuss it.
85k I think I could round that up if I tried hard enough. |