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norisknoreward

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can you guys recommend a lender that will do a homesite/land deal.......i would like to put 10%,....20% if i have to.......and the kicker is.....i need to go stated income.....fico is 700....or please let me know if this is just impossible.......all lenders that i know....want 30% down on land deals.......don't worry guys.....this deal won't be negative cash flow(i've got too many of those).....builder will pay 18 months in payments.........thanks again


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2Encinitas

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Try national city mortgage.  they do zero down land/construction loans.
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taddyangle

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Quote:
Originally Posted by norisknoreward

this deal won't be negative cash flow(i've got too many of those)

 

Why not sell one or two of your negatives to fund this deal?


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norisknoreward

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Quote:
Originally Posted by taddyangle
Quote:
Originally Posted by norisknoreward

this deal won't be negative cash flow(i've got too many of those)

 

Why not sell one or two of your negatives to fund this deal?

 

even if i wanted to sell......i would have to wait 4 more months until the lease is up.....then would take another 2-4 months to sell ........i only have one month to close on this deal.....


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