Posted by Denny on December 11, 1999 at 12:18:22:
This is an idea that is still evolving in my head so I am still trying to work out some of the kinks. I am in North Carolina.
Seller financing would be part of the plan. I have the finacial ability to buy the lots and build a duplex without the help of a bank(may use one anyway though). When complete, if I can recover my costs plus a little profit in cash, then yes I would most likely take a note for part or all the down payment. This would maximize my return and provide a “Low or NO Money Down” deal for an investor.
I am currently looking at a few floor plans so that I can verify the dollars will work. If it does, then I am going to start constuction on one in the early spring…worst case is that I have keep it as another rental for my portfolio.