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Updated almost 3 years ago,

Assad Oskuei's profile image
Assad Oskuei's profile image
Assad Oskuei
  • Investor
  • from Providence
  • Member since Jan 14, 2020
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User Stats

15
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1
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Assad Oskuei's profile image
Assad Oskuei's profile image
Assad Oskuei
  • Investor
  • from Providence
  • Member since Jan 14, 2020
Connect
Assad Oskuei
  • Investor
  • Providence
1
Votes |
15
Posts
Mortgage Brokers & Lenders

New construction, Vacant lot and banking implications

Assad Oskuei
  • Investor
  • Providence
Posted

Hey guys, appreciate your thoughts on this.

We have a vacant lot that we hope to obtain a permit and build a new single family home on. 

How does this all work with the current mortgage company? I am guessing Id just have to refinance it? In that case, Do i just owe the bank the value of the vacant lot?? Also, How do I subdivide lots? 

Providence, Rhode Island
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