Do I have the right to develop and sell w/ a seller financed lot?

[Brandon Thomas]

Hey everyone,

I'm looking at a lot in a desirable location. The owner is open to seller financing. If I go this route can I build and sell then pay off the remaining balance?

[Sarah Lorenz]

You can build on it, but you'll probably need cash for construction. Any lender is going to require you to have title to the property, so you'd have to pay off the seller and wrap the cost into a construction loan. That will be for both REI lenders/hard money as well as residential construction.