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Updated over 7 years ago on . Most recent reply

User Stats

14
Posts
2
Votes
Esteban I.
  • Tampa, FL
2
Votes |
14
Posts

Buying a piece of land and building MFH on it?

Esteban I.
  • Tampa, FL
Posted

Hi all,

What are some common terms/ways when seeking funding/investors where I own the land in a desirable area and want to have on the land MFH? 

Essentially, I found a nice plot of land that to me is in a great area. I want to pop on there a quadplex, live in one unit and rent out the rest. 

I've been to a few RE meetings and the going cost of a quadplex to build is about 250,000-300,000 - which is fine to me, land cost would be about 40-60K. 

Do I just seek out new construction loans, or what do I do? 

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