At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

@Jermaine Wesley thanks for sharing, as a retired Navy veteran I am stoked to see that you Mr deployment savings were supercharged by this project!

Wish we would have fully completed each project before moving onto the next.

Estimates and projections are great, but experience gives you the real numbers!

I’m looking to invest in nearby areas, focusing on fix-and-flip projects and new ground-up construction.

Not much there yet but there’s a gigantic project in the workshttps://www.mesadelsolnm.com/media

Maintaining a financial track record for your project is facilitated by effective budgeting.3.

Times are changing somewhat though, so maybe over time if they are not supportive now, they will be at some point in the future. 

They offered to give me a credit on a future loan.