Never in a million years did I think I could buy land and build a home. I have an opportunity to either pay cash for the land or pash cash for the construction. I would love to know your thoughts on taking on a project like this. What are the pros/cons, loan types, setbacks, timeframe, cost? Should I buy a pre-existing home and upgrade it? The lot is in the Inland Empire in CA, it is R-2, .51 acres. This is a huge undertaking and I want to make sure I’m prepared to undertake this project.