Which type of loan is best for land w old home?

[Danny G.]

There is a property I’m interested in buying with land. Asking price is 250k. The home has no value to me as it is run down and I’d most likely demolish. I’m not sure what type of loan would be best for a situation like this. My intent would be to replat into 4 tracts and re list for sale.

Am I looking at a conventional loan for something like this. I have a heloc available but it’s not enough for the purchase. I could make the down payment with that. Hard money rates push me away but since I’m looking at short term I may consider them.

Anything else?