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Updated over 8 years ago,
Found property/need a loan
Hello, I am located in the east Houston, TX. I have found a property near me some one started developing for mobile home or RV use. They are asking $83,000.00. I still need to look at some comp's before making an offer. I should have no problem getting a loan to purchase. But how would I go about getting a loan to cover the development? Do I first worry about acquiring the property. And then getting another loan to finish the development?
Thanks in advance for your advice.
Lawrence Cox III