Updated about 5 years ago on . Most recent reply
Financing New Construction
Hello guys,
Its been a while. So, I have a piece of land that I recently purchased all cash. It’s .34 aches and is zoned R1. I am wanting to get build a new construction home on it to sell as inventory in this area is very low and has been for some time. I have spoke with a few developers and one in particular was on board but backed out. The plan is to get a pre qualified buyer using the USDA loan which will pay 100% of the cost for the buyer but the developer would need to use there resources to foot the build after finding a buyer. I see now that it may be better if I can assume that risk. What options do I have to finance this deal?