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Updated over 5 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Luke Fortner
  • Developer
  • Raleigh, NC
3
Votes |
5
Posts

Financing Options on a Investment Property

Luke Fortner
  • Developer
  • Raleigh, NC
Posted

I am looking to buy a lot and then build a home as a business investment. This would be my first property, but I plan within 3 years to do 12-16 a year. The goal is to build a home in 3 months then sell it. Currently, I am running into financing issues. Besides Hard Lending, is there any other financing opportunities? I have been in about 6 banks and they all look puzzled as to what I am trying to do. One lender mentioned a "fix and flip" loan. Would that possibly work, or since its being built from the ground up would that disqualify what I am trying to accomplish? Any information or advice to point me in the right direction would be greatly appreciated. Thanks! 

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