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Sean Smyth
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Loan options for buying land for a Boxabl unit

Sean Smyth
Posted

I am looking into buying land for a Short Term Rental and am considering purchasing a Boxabl home on it rather than a traditional wood home build.  I would need to lay a foundation for the Boxabl home, but that's all the construction that would be needed.  However, Boxabl is on a year long wait.  I know with some construction loans you can buy property, but not start paying the loan until the construction has been completed.  Could I do something like that with Boxabl where I wouldn't have to start paying the loan back until the until was delivered and installed?

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