Updated about 2 years ago on . Most recent reply
How to finance drilling a well
I got 10 acres in Joshua tree at auction. We will camp on it and list it for profit. But I’d love to do more and per the county that starts with a well. Local companies say 400-500’ deep and $30k-$70k. I’d like to move forward with it eventually but not sure how to finance? Any ideas?
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Youre going to want a one time close construction loan... I am not sure that you can finance all of that in on an existing home, but you should be able to on a new construction. Shoot me a PM brother