Financing for new built Single Family Homes.
I'm interested in building a home through a company that provides you the building loan, and you act as the general contractor yourself. Depending on how much sweat equity you put in to it, you can have 20% or more equity when the home is finished. I would like to build a house and then refinance to 90 - 95% and rent the house out. Once the first one is completed, I would like to build another, refiance, rent out, and just continue doing this over and over again.
I am looking for lenders licensed in Nebraska that would be interested in providing financing. Thanks
Hello Digger,
There are programs out there that allows one to charge back to the overall construction and cost of the home through your sweat equity. I think you can charge 10.25 per hour here in Kentucky. However, the person must plan on living in that home for a set number of years.
If you get the house built, call me or any other broker doing biz in Nebraska and we’ll finance a 100% if you qualify. It’s a no brainier