Investor · TX · Member since 2023 · 8 posts · 4 votes
Hello BP Family,
I am looking to acquire land in Houston for first development project. I would like to know if I can preserve some/all of my liquid capital by avoiding an all cash deal for the lot/land.
My thought process is... Acquire the land through a seller-financed deal for the deed to the land and use it for collateral to cover the 20% down payment needed for the construction loan.
Once construction is completed and townhouses are sold I will pay off the seller I financed the land from.