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Updated over 11 years ago on . Most recent reply

Jorge Macias's profile image
Jorge Macias's profile image
Jorge Macias
  • Real Estate Professional
  • from Walnut, CA
  • Member since Dec 10, 2011

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10
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2
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Jorge Macias's profile image
Jorge Macias's profile image
Jorge Macias
  • Real Estate Professional
  • from Walnut, CA
  • Member since Dec 10, 2011
Jorge Macias
  • Real Estate Professional
  • Walnut, CA
2
Votes |
10
Posts
Creative Real Estate Financing

hard money

Jorge Macias
  • Real Estate Professional
  • Walnut, CA
Posted

is the risk worth it to get hard money to buy lots and build? I'm considering it since I have the ability and resources to build new vs buy. Obviously I don't have enough cash to buy lots since they are usually cash only and would tie cash and defeat purpose.

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Account Closed's profile image
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Account Closed
  • Investor / Developer / GC
  • from Manassas, Virginia
  • Member since Jan 4, 2013
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor / Developer / GC
  • from Manassas, Virginia
  • Member since Jan 4, 2013
Account Closed
  • Investor / Developer / GC
  • Manassas, VA
39
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229
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Account Closed
  • Investor / Developer / GC
  • Manassas, VA
Replied

Improved lots that cost 10%-15% of the complete home sales price is acceptable to me. I start walking once we're talking 20% +. You need to know what your risks are and evaluate carefully. Otherwise your going to lose a few hairs!

Good luck!

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