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Updated almost 5 years ago, 02/04/2020
ADU Construction funding, No equity
I recently purchased a property with enough room for an ADU in the San Diego County. There are a lot of advantages to building an ADU right now and I want to get started. I essentially have no equity but have 30k cash. How would I go about finding the right loan to fund the construction?
I have planned on registering for a business to collect rent for the future, is there a way to fund the construction through a business loan, or is that even a thing?