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New multi family construction

I'm interested in purchasing a building lot and building 4 unit multi family housing for veterans.  I have excellent credit and excellent work history.  I plan on doing some of the work myself to keep the cost down. I would like to buy a large lot an add buildings when able.  I'm estimating 200k for the land and each 4 unit building approximately 250K. My questions are: What kind of down payment would be required? Are there any special financing for this type of project?  Thanks.
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February 04 - Simsbury
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Answers (1)

Speak to a loan officer for the specifics of what you'll need - and what you'll need to qualify.

If you need some referrals, feel free to contact me or use Zillow's tools.

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- This is not legal advice and is not intended to create an attorney-client relationship.  The post is only an opinion.  You should speak to an attorney for further information.  The poster is licensed only in CT & NY.    If this post is useful to you, please remember to upvote it.
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February 05
 
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