I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

Legitimate lenders may charge a small application fee (around $250) to verify you’re serious, but if someone’s asking for thousands with no real intention of closing, that’s a huge red flag.On a more positive note, there are creative financing approaches out there.

The other tip I would say is really get a good relationship going with a realtor in the area if you do not have one to give you the exact data you are looking for to be successful.

Seller financed deals.

FinancingADUs are rather difficult to finance historically, but that is getting somewhat easier.

Networking How did you finance this deal?

We're ramping up to offer seller financing in BR this year, and we buy seller finance notes in LA in some circumstances.

Research the area's nuances, understand BRRRR financing strategy, network with local investors, analyze potential deals, use VA loans wisely, explore financing options, and network through investor groups.

How did you finance this deal?

Hi Basit,It's probably been a combination of outbid, or out contingencied, and a bit of financing at the levels we want.