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Updated about 2 years ago,
Simple Walkthrough | New Construction Financing
Hi folks, my wife and I own an undeveloped parcel of land upon which we plan to build 4 single-family homes. Assume we make it through the process of subdividing, permitting, water/sewer/electrical hookups, environmental assessments, etc. and the parcels are ready to build on...
Where can I find a soup-to-nuts explanation of how new home construction financing works?
My goal is to back into the amount of cash and/or income we will need to show to finance the build of the SFHs on the land. We want to build the 4 SFHs, then rent them out such that the rent more than covers the mortgages we have on the homes (or the builders loans? not sure)