You will need a personal guarantee or collateral such as a lien on a paid off property to secure the loan.

I"m seeking to rezone the lots as they are pre-existing, prior to the first zoning codes, which later came in and only granted duplex zoning, so these are legal, non-conforming but can't be converted to separate up/down "condo" sales as lenders won't loan if a structure can't be rebuilt after a catastrophic loss unless its zoned correctly as their collateral is compromised and that is the case in the county where these are located. 

Private money is a good option because there is little red tap, the focus is on the collateral and equity position, not the borrower income and debt.  

Determine how much funding or collateral you can bring to the table. 

If part of your cash buy is from hard money that does not hold any lien, collaterals etc would that qualify for delay financing? 

As you grow, you use up either your liquid assets or your Assets that can be collateralized. 

If you're looking to use your house as collateral I think HELOCs are definitely a better option than cash out refis as long as you aren't in desperate need of immediate cash. 

We have read that we will need some type of collateral that ties to the property, like a Deed of Trust, in the event that things go south.

Also, I have my own capital that I could use in a conventional mortgage that would secure long-term financing, but doing that would probably limit the number of loans I can take out.If they’re giving me this real estate loan in part because of the I have as collateral, does that mean that I can’t use that capital for other things?

(I know, material prices are thru the roof and lead times are long as well).We are thinking we can pay $160K cash for the Land.Then, use the land as collateral (Leverage) to get a loan to build the house, which is going to cost $550K to build.a) Will I still be financing the total $550K?