hard money

[Jorge Macias]

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.

[Jorge Macias]

california property, 3600 sq ft lot, neighboring houses valued at $250k to $300. I have $20k readily available, lot price $50k, I'm considering buying lot building and refi to keep and rent or sell to family, they are approved and looking for house. Construction and permits would vary from $50k - $100( (I'm just getting numbers together and will have together with a business plan if I apply for loan). Initial raw land loan would be six months max considering I can refi when construction is completed. What do you suggest?