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Updated over 2 years ago,

Humberto Sepulveda III's profile image
Humberto Sepulveda III's profile image
Humberto Sepulveda III
  • Member since Jul 3, 2022
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Humberto Sepulveda III's profile image
Humberto Sepulveda III's profile image
Humberto Sepulveda III
  • Member since Jul 3, 2022
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Humberto Sepulveda III
1
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Personal Finance

Funding/appraisals based off of plans?

Humberto Sepulveda III
Posted

I recently saw on a real-estate podcast how an individual purchased some land cash and then financed the construction of various structures on the land (small A-frames he ended up listing on AirBNB) by borrowing 80% of appraised value of the proposed plans. Is this true? If so, how does one go about getting financing or an appraisal off of plans?

Rio Grande Valley, Texas
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