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Updated about 1 year ago,
[2 in 1 land deal for construction
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We are currently in negotiations for 2 parcels with owner-financing up to 70% of the asking price at 5% for the first year and then 7% for 4 years. This is a new construction project with one zoned R20 and preferably low to medium-income by the county. The second parcel is a low-density single-family zone. please advise on how to structure either as a single deal or combo on the construction financing also any suggestions on dealing with low-income new constructions. thank you for your response.