Loan Question - Help!
Good Morning Everyone,
I have just finished purchasing land (8400 sq ft) in El Paso, TX and would like to essentially build a duplex/house for rent. I have been working with a local bank and they have advised me that they will supply 75% of the value of the project. That means that I will have to again save enough money to put down the other 25%. Is this my only option?!? I really just want to get a loan to get started on the whole project ASAP.
If you all could please leave some tips or feedback, I would definitely appreciate it!
Thank you,
Abraham M.