We never like to deliver this sort of news, but it is an unfortunate necessity in this market.We include the cost for 12 months in our proposals because a lot of investors like to (or their lenders require them to) pay for a year of coverage upfront and it’s easier for them to compare rates.

Ideally, it's best to have reserves before acquiring a property as it shows financial responsibility to potential lenders.

BeaudoinFounder - Abundant Life Products & Strategies, IncLicensed Life Insurance AgentInfinite Banking Practitioner & CoachBook a Call: https://calendar.app.google/praigJnXx4u4eC3Q8Cell: 619.306.8823Email: [email protected] 22:7: Just as the rich rule the poor, so the borrower is servant to the lender

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I work with a handful of investor friendly lenders that don't require W2s or tax returns (lending is based on the property not the borrower) but am always exploring new avenues.

I feel it unlikely that the lender will be willing to lend on this property given the current foundation status (advice from the foundation contractor).

Does anyone know of a lender who can do conventional financing for land?

Lacking access to the financing to buy and build on large acreage, my thinking was to start small with a couple acres and build one or two homes, get some experience working with a lender that I can hopefully parlay into a bigger development the next time, and so on …Would love any advice/thoughts on this!

There you will learn about strategies, connect with lenders, contractors, other investors of all stages, realtors, private capital companies and so much more!

For example, the max LTV on most DSCR loans is 80%, but if you are rural, you will likely be cut to 70% LTV or less (if the lender can do rural).