equity loan on bad credit

[Miguel Cisneros]

Hi everyone , well let me start by saying i'm new at real state ,     the situation is that i have a land that i'm paying but don't have the money to make a house , my credit score is 554 , my brother in law has a house paid for but still owns he's land we are trying to get a equity loan over the house to build mine then get a equity loan over my house to pay him back but i'm wondering if  this is a good way to go also my brother in law does not have a legal status in the us so i will have to get on he's house tittle to get that loan. Any suggestions would be awesome my main purpose is to build my house then get equity to start moving money around to acquire more units. Thanks