All Forum Posts by: Jamaal Ragland

Hi Everyone,

I have a client that is looking to fund his residential construction for his primary home in Moloka'i Hawaii. My client have funded most of the construction with personal funds, and need more funding to finish the construction. My client is also looking at doing a cash out refinance at the end to recover the funds he spent out of pocket for construction. Any recommendations on lenders that will be able to help out? If so, please send me a direct message.

Thank you,

Investment Info:

Other other investment.

Purchase price: $99,000

A 2.2 acre lot with permitted container home plans ready to be built in the lovely up coming tourist spot of Joshua Tree Ca. Perfect development for a short term rental to produce cash flow!

What made you interested in investing in this type of deal?

Was interested in the unique development builds for short term rentals.

How did you find this deal and how did you negotiate it?

I bought the land and had the plans permitted.

How did you finance this deal?

Private loan

How did you add value to the deal?

Installed water meter and permitted the plans

What was the outcome?

Plans have been permitted

Lessons learned? Challenges?

Unique developement face different loan challenges

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No