Feedback on my plans

[Terrence Cheeseman]

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 

[Caleb Brown]

Agree with @Ke Nan Wang. I hate bursting your bubble but that plan will probably not happen. Your first problem is no experience in developing. You also don't have any money to back yourself up. I don't see you getting funding for something like this with no track history in it and no capital.. DSCR loans are for rent ready properties and are 20%+ for the DP. I'd rewind. Focus on learning and understanding real estate. While doing that build up your funds. Start off with a house hack or something easier to do. Very rare someone jumps into a big project off the start unless they have connections or have the money.