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Updated over 1 year ago on . Most recent reply

User Stats

276
Posts
143
Votes
Samuel Coronado
  • Investor
  • Huntsville, AL
143
Votes |
276
Posts

Small balance land deal

Samuel Coronado
  • Investor
  • Huntsville, AL
Posted

I have 5 acres pending contract. The seller and I are working the terms. It's either 10k down and 50k balance that she owner finances to myself until I can build a house and sell it or she will do 50k if I can get the whole balance under a regular land loan. It seems worth it to me to save that 10k and not give up ground so easily. The issue is finding a lender who would want to do it at such a small balance. 

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