Building new home with a heloc
Hello everyone My name is Juan I'm a new contractor in the Dallas area, I'm An avid bigger pockets podcast listener and I have a question regarding a new build, my father in law has about 300k in equity and I was wondering If it was possible to take out a heloc to buy a piece of land and build a new home, given the current inflation situation, the idea would be to take a heloc build a new home on land and sell it pay back the heloc and keep the difference.
can anyone elaborate on the process and how to go about doing this? Is it even possible given the current inflation situation
location doesn't matter country side perfered