If you own the lots free and clear you should be able to apply for a construction loan. This a great way to go. Construction loans require no $$ down and you pay a very low interest rate during construction and then you role that into a standard home mortgage. You will have to work with the banks to prove you can get the house built if you are acting as GC or hire a builder and it is a no brainer. I am sure there are other creative resources out there.
Hello all,
I just bought the cs course and my mind is spinning with possibilities … such as I have 2 lots next to my lake house. in Oklahoma…(Grand Lake area. 1 block off the water and it is just sitting there … lots of trees no utilities as of yet… I would like to put some cabins on it… there are alot of fishing tournements (9 months of the year) and I know that I could rent these cabins out … but have no money to construct on the site… (any ideas) ?? waiting in the wings … greg…