Conversation in local Bar, say I would pay all CASH How did you finance this deal?

Researched the area , contacted local team through biggerpockets How did you finance this deal?

You should be able to find local builders that will finance the construction component of your new build, however! 

A recent article discusses how Bloomington is considering flexible zoning to support dorm-style units, aiming to provide housing solutions for residents earning 30% of the area median income (AMI). finance-commerce.comThe city has successfully added new rental units in the 50% and 60% AMI bands but faces challenges in creating units for the 30% AMI bracket due to financial constraints.

Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!

My husbands aunt is selling it to us at a discount but is unable to do any sort of financing as she needs to sell it and get the funds.

Traditional MLS How did you finance this deal?

Freddie Mac SBL & Fannie Mae Small Loans (<$9.00M): Freddie & Fannie both offer "Small Balance" permanent financing ranging from $1.00-$7.50M (Freddie SBL) and $1.00-$9.00M (Fannie Small Loans).

I came across The Investors edge that offers 100% financing as long as the all in cost is 74% or less of the ARV.

A deal this small wouldn’t make sense as a partnership unless the original intent was to scale and grow together assuming this deal works out.In regard to the financing, if you can’t get it on your own without someone else’s balance sheet and income then it would be very difficult to untangle that partnership since he’d be a personal guarantor right along side you.