Additionally, be sure to have a solid business plan in place to present to potential lenders.2) In addition to a construction loan, you could also explore other financing options such as traditional mortgages, lines of credit, or even private investors.

What is your game plan with the money if you were to wholesale the property?

Hi, first time poster, please let me know if this is a good plan....I'm planning on purchasing a 1M property with a 400sq ft garage.  

I am in the process of exploring financing options for my first deal and I came across the idea of government down payment assistance grants.From what I read, these grants can be used to cover the down payment on a low money down loan such as FHA loan, which I was planning to utilize anyway since I will be an owner-occupant.Has anyone used this in the past?

Sounds like a legit plan.

However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test.

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

I live in Indianapolis Indiana however, my wife and I plan on moving up north (near family) around the Lafayette area.

Since my capital is low I was planning on utilizing my credit cards to fund the rehab.

They plan on doing it over and over again!