Land Deal - Financing Required - Half Moon Bay California

[Robert Smith]

Hello, 

I am new to bigger pockets but have completed two fix and flips and am currently half way through a fix and hold. 

After finding BP a couple of month ago and getting very excited I started looking for a land deal. I am now in conversation with a potential seller but because of the ongoing fix and hold I am short on the capitol I would need to secure the land deal. Because the fix and hold is not finished, I don't have the option to cash out for at least another 6-12 months. 

If anyone has any ideas about how to get financing to secure the land, I would be grateful for some advice on seeking out options. I am only looking for the initial purchase price (250 - 300) because once I get the land and have the planning/zoning approval, it should be easier to get more conventional financing. 

The Deal look like this:

- Purchase price between $250,000-$300,000; 

- Planning and Zoning approval through the California Coastal Commission $30,000-$50,000;

- Building permits $20,000 - $30,000; 

- House construction $250,000 - $300,000 (depending on house spec); 

- Comps in the area start at $750,000 and go up to $900,000 depending on the house spec. 

- Potential profit between $200,000 - $220,000

Thanks for taking the time to look at this post. 

Rob