Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
How to build and sell a home on land I own, using a loan?
Hello,
I want to get financing for building a model house on some land I own, and then selling it. I am not planning to live in the home, and once construction completes I want to sell it. Can I just get a temporary construction loan, and while paying only interest I take my time to sell it and once sold, I pay off the construction loan? Any words of advice on what's the best coarse of action? Thanks!