Dallas-Fort Worth Real Estate Investor Club

New Investor Need Assistance

  • 27 Sep 2017 1:59 PM
    Quote
    Message # 5283007
    Chris Farris

    I am a new investor and I have a few questions, I'm wondering if a hard money lender would work on a lot im looking at building a house on, from what I can tell the cost of building the house and the cost of the lot would approx. 70-75% of the retail value, but I also need a reliable comp service, If anyone can help I would appreciate it 

    Last modified: 27 Sep 2017 2:01 PM | Chris Farris
  • 28 Sep 2017 11:37 AM
    Quote
    Reply # 5284601 on 5283007
    Neil Aggarwal

    What parts are you asking for financing on?

    1. The purchase of the lot
    2. Building the house

    Most lenders I know might finance #1, but very few would finance #2.
    You might need to find a private money partner to help you with this.

    I hope this helps,
      Neil Aggarwal
      NSA Partners, Ltd.
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