Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1
Posts
0
Votes
Ben Beard
  • Las Cruces, NM
0
Votes |
1
Posts

Build Spec House on someone else's lot

Ben Beard
  • Las Cruces, NM
Posted

Hi All, 

I am planning to build a few spec houses in Las Cruces, NM on lots owned by the original developer. I am wanting to partner with him and use the lots as collateral for the construction loans, but not pay for the lots until the homes sells. Any advice on how to do that to make the bank willing to do a construction loan? Do I need to be added to the tile of those lots? Or does he need to quit claim the lots to me? What is the easiest way to structure this deal?

Thanks!

Loading replies...