I suspect a local bank or credit union might be your best bet.

The lots are owned free and clear so the loan would only be for the construction.

He’s constantly handing out free advice, wrote the book on 1031’s and handled mine last year. 

Looking for free or cheap paperwork online is not the route to take.

Credit and background checks, minimum 620 score, income verification, and limit the number of people living in the home.Tenant Own Homes is popular as well, you own the land and collect lot rent!

No free and clear assets.

Feel free to reach out if you have any questions!

Hi @Ryan Kinoshita,I personally recommend Chase business for a few reasons: Really easy to work with, really good sign on incentives for both their accounts and business credit cards, and there are branches all of over the country making it easy to handle your business from anywhere.

This is not a one size fits all answer, but bad debt is non-asset based or depreciating assets - , credit cards, medical, buying dumb stuff.Good debt is debt used to make or grow your portfolio. 

For those that qualify for conventional financing its another negotiation tool, for those that do not its a way to get into real estate but many do not understand what it is they are signing up for.Regarding it being good for an owner, again it goes back to the borrower, if I have a borrower with 800 credit and I control cashflow its far different than someone with 540 credit.