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Updated over 2 years ago,
Building Investment Property, Need 400K Construction Loan
Hi, I want to build a 3 bedroom house to rent out, but my income is a bit low (60k) to qualify for a loan (need 80k). The property will cash flow the day it's completed and will have 20% equity since i'm building it myself (saving builder and realtor fees).
How can I present this deal to investors and where would I find lenders willing to do a creative deal?