Buying land for duplex. I need guidance

Although ownership of a parcel of land is usually a matter of public record, not all jurisdictions make searching the public records easy. You many need to enlist the help of a Real Estate Agent or Real Estate Attorney in determining who to contact. As for acquisition of the lot and building the Duplex. Having your own cash allows you the most flexibility in what you can do vs what you want to do. If you need financing, you will need to find a lender willing to provide it. You will most likely need a bank to arrange the financing as none of the lenders that I know of that do construction and permanent financing for residential dwellings will not do a multifamily project. You will likely need 20-30 % of your own funds in the project and extremely good credit and plenty of cash reserves. Perhaps the RE agent can help you with a financing source. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Most areas the local county has online access to ownership of properties. Start there. I lend in MN WI IA ND SD. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132