Subdivision for 45% of appraisal...
bank owned. I have a verbal acknowledgement that they will accept this number. Will a private money lender loan on this with no money down...or would it be easier to try and find someone to do a joint venture?
Most Popular Reply
Land is tricky. It can take years to get entitlements. And sometimes it never gets approved.
Most banks and lenders won't touch land for that reason.
If you're not experienced with land, partner with someone who is. Don't just take advice from the seller- they obviously have ulterior motives.