As they see their money is safe and you're succeeding with your plans, they'll usually ask to increase the amount of money they loan to you.

A lot of the owner occupy loans require you to live there for at least a year, so it's not forever. 

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

It does not cost the landlord except for the labor and materials.

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

I would include servicing costs of the loan and licensing costs.

Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.

We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.

Hi @Vincent Plant,You've gotten some great advice on what to look for in a hard money loan.

There's no current loan on it right now.