Finding land for STR and lenders
Need advice on finding land for a STR (unique stay) and using a lender that will fund building the property (small container home or a frame). I've been using a heloc for my down payments on my LTR and refinancing the properties to get my cash back from the heloc (cheaper interest). Now I have a tennate that is buying one of my properties which is won't free up my heloc till we sell the property. I would like to get the foundation down before the ground gets too cold (Amish Country, Ohio)
I know pretty much everything about OPM and construction just need help finding people willing to sell land in a particular area and how to find people who will fund it. I work at a bank and don't want to use them for the construction process, too much of a pain and too many hoops to go through. I'll just use a bank on the refi part to payoff the lender and get back what cash I put in. Just need advice on finding lenders and land owners to do land contract. I know REA might have lenders but my problem with that is finding someone I can trust to lend funds, seems like the people I have met are trying too hard to sell why to use them as lenders. Any advice helps.