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 9 years ago,
New construction loan newbie question
Hello,
I have recently purchased a lot for $36,000 that is on the tax roll for $75,000. The purchase was just made a couple months ago, and I am wanting to build a new single family home for myself. My question is what is the max amount that I am likely to loan without bringing any more cash to the table, and ONLY using the equity from the lots as my "down payment." Any advice would be great!