Just use it as bridge till you are able to do a rate and term refi in less than a year. 

If you tour and see this is a value add play you may need high leveraged bridge money before locking in perm rates.

It's a quiet little town that is expanding the Austin area and hopefully being used as a gap to bridge us and KilleenWhose to say companies won't start moving to Jarrell 

It's very difficult to find raw land bridge loans less than $1M, but a few go down to $250k. 

Right now, most bridge lenders are going to be in the 11% - 12.5% range with points for shorter-term deals.

If I were you, I would consider a hard money loan or a bridge loan until you can get the property stabilized.

We used a bridge loan to fund it and will have to refinance in the next year and we are also looking ahead to our next crash pad as soon as we get into the swing of this one.

After listening to the podcasts and reading on the forums I decided that Bridge turnkey is the one I feel comfortable going with, but the problem is with their preferred lenders and property management company, I've done my homework and looked online for reviews, sadly they're not so great.

So, I bought two properties from Bridge in 2019 and they've been managed by Voepel ever since.

Four years ago we moved to a 2500 sq ft 5 bedroom place in the Berkeley Hills with view of the Bay Bridge and down town SF.