How did you finance this deal?

Depends on the profit margin and what the interest has been like in the houseSeems odd they can't increase the purchase price to 224k - I mean we're talking an extra 2k financed over 30 years - this is like a few dollars a month lolBut with the timing and holding - I'd probably just sell it and get to the next.

How would an owner financing loan look like if a home is for sale for $399,000?

The best time to get started is always as soon as you are ready- both with finances and education.

By way of example, 9.5% is going to be the low end for construction financing.

The HOA finances were badly managed and the homeowners would argue with the HOA board members.

Proceed with financing after the money has been in the account long enough.

Start by learning about different strategies, market trends, financing options, and best practices.

Do so and you can be seen "being in the business of" which then may carrying financing compliance issues.

Acquire the land through a seller-financed deal for the deed to the land and use it for collateral to cover the 20% down payment needed for the construction loan.