Va new construction loan for quadplex build
Hey everyone, i want to use the va new construction loan to build a quadplex with 4 bed 2 bath 1400 sq ft and a 34x24 garages per unit. I'd basically want to house hack a new build.
i know this would be really tough to sell, but would i increase my chances if i came up with a solid plan? I'd include
land info
if the city will allow it
all preliminary costs before the okay to actually start building
cost of construction
length of construction
contractor info
comps in the area by sales and income approach due to it being multifamily.
market rents comps
and basically a price for the entire project from start to finish.
I'm coming up with a plan so i can start contacting lenders....especially if my offer doesn't get accepted haha