New to REI and looking for construction loan advice

[Danielle Voltner]

I am going to try and keep this as short, sweet and to the point as I can. Trying to start our investment journey for future financial freedom for our future family. I will start by saying we live in Michigan and will be investing in Michigan. I want to get started house hacking a duplex while we build our future home. Here is the dilemma. My husband is not exactly on board and a little skeptical bc he thinks us getting a duplex now will effect our chances of closing on our lots and qualifying for our construction loan (we will be building our home ourselves). We have the finances ready and available (liquid savings) for closing on the lots, but not for the construction loan itself yet bc we're not quite to that point. We basically need to get creative with financing for the down payment and closing costs on the duplex to start our investment journey if it is possible. Another bit of information is that we purchased 2 side by side lots from the seller bc he gave us a better deal. After we close we plan on putting for sale by owner sign on the 2nd lot and seeing if we get any bites and using any money from the sale of that for our home. Looking for thoughts and advice please. Thank you in advance for you help everyone!