I am not an expert in this area but I'm thinking I could possibly use my HELOC for the land and get a construction loan to build the home and once finished roll it into a conventional second home loan.

Nor will a title company provide a complete loan package.Your friend needs a lending attorney to prepare a set of loan documents.

If you miss loan payments, or your credit goes bad the bank or loan issuer could call your loan, provided of course the loan is callable in the first place.

Use the dscr loan or the bank statement loan mentioned above.

I also love it here.It will cost $100,000 and we will finance half with a personal loan @ 7% for 3 years.So im putting 50,000 in cash and I expect to earn about $2,000/month.

Explore traditional loans, hard money lenders and private investors to understand your financing options.

I don't see your situation as any different.

Though I have enlisted my kids to assist with the process.I have a 20 year loan on the RV.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

Hi Chris, You can look into DSCR loans for investment properties.