All Forum Posts by: Terrence Cheeseman

Thank you 

Thank you

Thank you

I want to purchase four to five acres so that I can have a fifty to one hundred pad rv and camper park constructed along with land acquisition, electricity, water, sewer, common roadway , campers and etc . I have little to no capital. From the perspective of creative financing is it possible to obtain 100,000 dollars via a dscr loan and utilize a Completion Bond to serve as collateral that I would have to come out of pocket for which should be 5,000. Which a cover the 20% downpayment needed to qualify for a dscr loan.

I have no experience as a developer nor real estate investor. My credit is above a 620 and should go back to above 700 once I’m out of debt.

My questions are the following ,

Is the above mentioned financial strategy possible?

If not how can I go about securing financing for the project I want to embark