My electrician said that it just needed new breakers The property is liveable and rennovated apart from this.What is the cheapest % interest dscr/hardmoney/rennovation loan I could get?

Are there any options for lower down payment loans in general or even for college students?

@Jose Solis you just need a loan for the land? 

I can say from having taught classes on these loans that your contractor will be the biggest key to your success.

I began shopping for a large construction loan to build a new car wash on the land. 

If you have any loan questions feel free to reach out. 

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

One solution could be a Debt Service Coverage Ratio (DSCR) loan.

HELOCs are not available because they are residential loans guaranteed by individuals and what you seek is a type of commercial loan or credit line which are available to seasoned companies with proven financial track record.