I have seen schemes like that and they are demeaning.This course teaches you how to approach real estate investors, offer them financing for their ventures and then find that financing. 

What institution is financing the land development and construction?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@Shin Nishikawa Right now it is still difficult for foreigners to get financing from Japanese banks.

What I will say is I would make sure you ask them how much they will finance.

Generally yes a HELOC will go off your personal finances so qualifying is generally based on your income, liabilities, and credit. 

Did you finance this deal with a local bank or credit union?

If you were to use one of these 5% down options and say get 5% or 10% back from the builder through our network, that would allow you to essentially purchase a new construction investment property with 0% down.Ultimately, we do not tell you what to buy or how to finance it.

I am currently looking to build a spec home and use my equity to help finance the build.

Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.