Financing New construction on land

[Ashley Taylor]

I have the ability to purchase 4 acres of land in MD FOR 125k. My plan is to subdivide the land into 3 plots and build 3 single family homes. I am confused on how I should finance this. Normally I’ve done flips with hard money. Should I try to get a hard money loan for the price of the land and construction or should I buy the land cash. Then take out some sort of land equity loan or something of that sort? ( info on this process is also appreciated ) I’m concerned that I wouldn’t  be able to get the land equity loan because there used to be a house on the property but it recently burned down and they may not assess the land for more than the 125 I paid for it.  So it seems like my Best option is to buy cash and get all my permits then try to get a construction loan. This is my first time building a home so I am hiring an experienced builder, but im concerned with having to jump through too many hoops because im not an experienced builder. 

Please provide any tips or help. I would be doing this in PG county MD. 

Thanks