Usually a Land Loan is 50% of what exists- and you need a verbal nod from planning that septic, curbs, gutters, utilities, especially water, and the size of what you plan fits the neighborhood or general plan.A construction loan on land is a different thing.

I’d be sure to look at the cost per sq/ft analysis of what the difference is between new construction and what you will pay for an as built.

If you had 84k laying around it would be a different matter.  

You will meet people from different walks of life that will give you different perspectives on real estate investing.

How long it takes to be financially ready is different for everyone.

Sending you a dm, let's see how we can work together.I help new investors by (1) showing them the different avenues of investing, (2) teaching different methods on how people can use money that is already in their home, (3) showing how some HOA's can benefit in renting, and (4) refer them to this forum to educate themselves deeper as they start.

Again, the issues here would be if those properties were structured incorrectly or filed incorrectly....but I think it would certainly be worth having a conversation with a different lender about it.

The qualification for "hard money" and a loan for a primary residence (meaning where you actually live) are very different.

My opinion for those that live in a high cost of living market is to continue living / renting in that market and invest in a different market that is affordable and provides both cash-flow and appreciation potential.The reason to stay in the HCOL market is because you will be paid(hopefully) a nice large salary.You can take this salary to then 'easily' invest in other markets.NYC is tenant friendly which can be a con for investors.Furthermore, NYC has appreciated historically.

The main investor still wants to go through with it *if* they can find someone to go in half’s with them, but I’m afraid they won’t be able to find someone to go in with them in time.Here’s some more info, if it makes a difference, so you could give more spot on advice: the house is extremely unique in California, three hours east of SF in the Sierra Nevada mountains & and was built by a bridge maker as his own residence back in the 60’s, so it’s one of a kind.