You are on the money with construction costs as of today based on other new builds I have going on.

Or buy even larger pieces of land!

Purchase price: $225,000 Cash invested: $45,000 I built this duplex in 6 months on a plot of land my family owned in the summer of 2020.

But, 4 months after viewing a few off-market properties, I landed the deal.

But based on a couple office buildings in the same zip code I pretty familiar with that rent seems high for that class of office.

The most persuasive pitches often come from genuine storytelling based on real-life experiences. 

A few lenders we talk to can use the 15% land purchase cash as the equity in the construction loan deal.

Thoroughly research the industry, field, business you’re interested in to see if there’s a “niche”, unique approach, unserved customer base, or anything similar that can be exploited to earn income 3 standard deviations above the mean.

There are lots of resources available online to give you some base education so you can ask more informed questions to your lawyers.

Asset based loan rather than based on your personal DTI