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Anna Hammerle
  • Camp Verde, AZ
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Financing for New Construction?

Anna Hammerle
  • Camp Verde, AZ
Posted Sep 20 2016, 02:16

Hello BiggerPocketeers,

I am still a new investor with three SFHs.  I recently came up with an idea to buy a small piece of land, 1/4-1/3 acre and build a small house (300-400 sq.ft), as a rental.  The total investment I had in mind was between $50,000-70,000.  However, my lender tells me they will not extend a construction loan on an investment property.. Does anyone know if there are lenders out there that do this?  I would love to get any feedback as well as suggestions on how and if I would be able to do this.

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