Construction loans are available in Mexico but its a complicated and very expensive process.As a developer, I find and buy the land, plan and obtain all the permits, recruit a general contractor, market and sell the condos to investors who either use them for part time living or list them on AirBanB. 

Conventional loan How did you add value to the deal?

Which means I will still need to finance about $400k for each property at about 9% rate (the rate is high because we'll using a commercial loan as we'll be purchasing the properties under an LLC).

Anyone know of any bank statement/ non qm loan programs available for purchasing a property in the Virgin Islands ??

Partnerships with people you don't fully know can get messy pretty quickly so in your scenario I would go to a local bank and get a construction loan.

Anything that you need a loan to operate/buy/grow.The Fed may be damned if you do, damned if you don’t….But What do the “Experts” Think?

it combines the advantages of owner occupancy, such as a lower down payment loan, with investing.

This makes getting a DSCR loan more difficult because of the under market rents. 

I would like to get a cash out fix&flip loan on my triplex.

Hi everybody,My husband is military and we currently own our home in Knoxville (purchased for $450k, we owe about $300,000 with 2.6% interest on 15 year loan).