Private Lending & Conventional Mortgage Advice
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 3 years ago,
Financing on Barndominium
Looking for advise on lender (private,crowfunding, or hard money) and types of loans that might fit my personal interest
Barndo on 40 acres (Texas)
I have paid out of pocket for the metal barndo shell ($72K) and need a loan to finance the rest of the project:
septic
H/AC
electric
insulation
framing interior/sheetrock
I am looking for a loan around $55,000 to $60,000
Value of my finished home and land : $485 to $500K
I have a loan on the land at $88k and the value of it is $340k
I had to put some of the project on credit cards so the loan I need is to finish out and pay off some of the construction on the credit cards.
Any advise---my credit went down since putting some of the construction on credit cards