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 smile

Comments(2)

  • Vern6th June, 2003

    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.

  • MrSubPrime4th July, 2003

    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

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