[Jims5543]

Most of the big players I know who invest in and develop realestate use private funds from investors. Most times this results in a slightly higher interest rate but the money saved in closing costs and quality of life from lack of BS from the bank is the big pay off.


A friend of mine developed a 100 lot high end subdivision from the infastructure to building every house in it. He used a wealthy financial backer. They both made millions. He went back to the weatlhy backer to do another subdivision and he told my friend he made enough money off the last endevour to do it himself.

He took the chance and did it himself and has not worked since finishing the second project. That was 10 years ago and as he explained it he would have to dream up ways to figure out how to spend all the money. BTW- He retired at 29 years old.

I would suggest looking for a financial backer and start to get away from the banks and that stupid credit BS.