The Empty Lot Down The Street Might Be Your Next Deal

[Joyce Ann Magallanes]

Vacant lots and teardowns get overlooked a lot. Most investors assume the financing side is too complicated to bother with.

It's actually pretty straightforward. Ground up construction financing can cover up to 85% of cost and 70% ARV*, with a 660 FICO minimum.

If you've driven past a lot and thought "someone should build there," that someone could be you.

Anyone working on a build right now? Curious to hear how it's going. Let's check your scenario. 

*Rates, LTV, and program terms are subject to change and vary based on borrower credit profile, property type, and market conditions. Not all applicants or properties will qualify. This is not a commitment to lend.