Financing the St. George Land
November 13th, 2005 by KenricI’ve decided to pay cash on the land up in St. George. I’ve found that getting a loan on raw land is a little tougher than buying a regular house. The interest rates are slightly higher 7%-8% and if you don’t plan on building on the land right away, the number of loans available decreases greatly.
So I’m going to fund the land myself using cash and HELOCs. My plan is to flip the land as soon as I close.
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