I recently purchased land in South Texas with plans to build my forever home. I paid for the land in cash and am now looking to take out a construction loan to build the house. Does anyone have experience with banks i...

We rented to them as they had cash from selling their home and paid us first, last, and security plus 3 months of rent extra.  

Then you have the full amount available to you, ONLY IF YOU NEED IT.3) Secure funding for the property using someone else's money. 

Since I haven't secured accommodation yet, I'm seeking another female attendee to share a room with.

However, you will need to pay the additional cost of securing a new mortgage.This is based on:* I added $600 to ARM to cover its additional expense (increases monthly payment to $5,104)* No prepayment, except all paid off at end of year 5 for both loansThese are the monthly movements, I hid a lot of rows for simplicity

And it stands a "opportunity" of Pyramiding gains via 1031 into securing 3 similar units in market.     

While some point to tax benefits or the potential for higher interest rates compared to banks, the real motivation is usually the perception that the seller can secure a higher price by offering financing.

How secure are your two jobs?  

Yes, most definitely at that credit score depending on the prepayment penalty you want and even at 20% down I can secure you financing anywhere in the 6's.

If you're serious about building wealth and securing your financial future through real estate investing, you know that financing can often be one of the biggest hurdles.