Happy to answer any questions about location or lending and can recommend a couple of agents if you need one for any of the areas I've mentioned, feel free to connect. 

I co-own a lending firm/brokerage and a wholesale company, so I know both arenas well.

yes 100% financing is likely not going to happen. i say likely because I'm sure there is someone out there somewhere who would willing to take this on, but certainly not going to be an easy find. ground-up construction is more challenging as well, as you will need to evidence your experience w/ previous ground-up construction deals where you are on title. this is how lenders feel warm and fuzzy about lending you so far above and beyond the existing land value before anything is built on it. 

I have local lending partners at the ready if you need a referral, one of whom can now finance beachfront condos and condotels with only 15% down instead of the typical 20-25%.I follow KeyData metrics for vacation rentals.  2024 has been a solid year for Myrtle Beach short-term rental owners. 

If purchased using financing, then I know of a few options who would be able to lend on the new value.

Feel free to reach out if you ever have any questions about lending.

@Edgar Perez I can help provide information for you from a conventional lending perspective if you think it would help.

Your biggest issue with 5 bedrooms is that 50% of your income is going towards the mortgage, I do not believe banks would even lend to you with a DTI above 40-45 (mortgage + other debts).

Become a syndication Co-GP by lending the escrow funds for the true GP where you receive 1% of the GP share of project upside, then create website and social media marketing materials where you hold yourself out as THE GP for the syndication.5.

Just weeks away from wrapping up another successful project that is generating a 12% APY return for our private lending partners.This got me thinking about what makes real estate partnerships truly work.