He is pre-approved for an Cal FHA loan for $315k.

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Been presented with an opportunity to get 13 acres of land under agreement.. would like to know the steps and where to start to get it development ready permitted and approved to either resale of get finance and build my self.I know every state is different and so is every county of every state and every town is different as wellDown the street there has been same development project we would like to do done as well and it Middlesex MA.

I got an approval letter in my email with terms.

An example from personal experience: we had to pull several permits, they inspected and approved.

I have heard there may be issues with getting approved by lenders for another loan if the property is to similar to your current one and they can't justify the loan, how do I get around that issue?

Once you are approved, a hard money lender can typically close in about 14 days for a first timer.

Afterwards, I was thinking of renting it seems like cash flow in the area might be good considering the interest rate I was pre approved for.

HUD is off table on new constructions (4 mls or less) since loan takes 9-12 months to get approved.

We knew having 2-years with a family was appealing to a landlord, as we are more likely to take care of the home than a house full of college kids (no offense, college kids).Second, we signed a lease knowing that we were going to rent out the english basement on AirBnB as much as possible (which we had the approval in our lease and from our property manager to do).