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Updated about 7 years ago,

User Stats

26
Posts
1
Votes
Abe Macias
  • San Antonio, TX
1
Votes |
26
Posts

Loan Question - Help!

Abe Macias
  • San Antonio, TX
Posted

Good Morning Everyone,

I have just finished purchasing land (8400 sq ft) in El Paso, TX and would like to essentially build a duplex/house for rent. I have been working with a local bank and they have advised me that they will supply 75% of the value of the project. That means that I will have to again save enough money to put down the other 25%. Is this my only option?!? I really just want to get a loan to get started on the whole project ASAP. 

If you all could please leave some tips or feedback, I would definitely appreciate it!

Thank you,

Abraham M.

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