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Updated about 11 years ago on . Most recent reply

Josh Brunner's profile image
Josh Brunner's profile image
Josh Brunner
  • from Missoula, Montana
  • Member since Jan 30, 2014
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Josh Brunner's profile image
Josh Brunner's profile image
Josh Brunner
  • from Missoula, Montana
  • Member since Jan 30, 2014
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Josh Brunner
  • Missoula, MT
0
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Private Lending & Conventional Mortgage Advice

Subdivision for 45% of appraisal...

Josh Brunner
  • Missoula, MT
Posted

bank owned. I have a verbal acknowledgement that they will accept this number. Will a private money lender loan on this with no money down...or would it be easier to try and find someone to do a joint venture?

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Kathy Fettke's profile image
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Kathy Fettke
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jan 30, 2014
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Kathy Fettke's profile image
Kathy Fettke's profile image
Kathy Fettke
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jan 30, 2014
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Kathy Fettke
  • Rental Property Investor
  • Los Angeles, CA
178
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100
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Kathy Fettke
  • Rental Property Investor
  • Los Angeles, CA
Replied

Land is tricky. It can take years to get entitlements. And sometimes it never gets approved.

Most banks and lenders won't touch land for that reason.

If you're not experienced with land, partner with someone who is. Don't just take advice from the seller- they obviously have ulterior motives.

  • Kathy Fettke
  • Podcast Guest on Show Do College Football Towns Make the BEST Real Estate Investing Markets?
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