Fha vs construction loan

[Jesse Ramirez]

Hello all. This is my first post. Usually get everything I need by browsing this post. Love the community here. Anyways, I’m kinda stuck in which route I should go first. Here it goes:

I’m currently have nothing in portfolio. I have plenty of cash on hand. And partners/lenders if I need be. I’m working on obtaining my first small family however recently I inherited a 1/2 acre of land in already developed community. I’m looking to spec build and sell off. My question is, would getting the construction loan ruin my fha? Should I use the fha before I do the spec? Appreciate any feedback, Thanks for your time!

Jesse R