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Updated about 3 years ago, 11/03/2021

User Stats

9
Posts
11
Votes
Oscar Rodriguez
11
Votes |
9
Posts

How do I get a Loan to buy land and build 7 units ($2m)

Oscar Rodriguez
Posted

I just turned 20y/o and I'm having trouble finding a bank to loan me $1m to buy Land and another $1m to build 7 units. I have $200k with the ability to get my hands on another $200k but don't have 2 years of tax statements that say I'm making $600k+ a year. Is there any way to make this happen that doesn't involve crowdfunding? New development is my dad's and I's Bread and butter, we can build for supper cheap and really fast with numerous projects to prove it. If that can help me in any way to convince the bank.

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