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I am also learning that if you can not put up the 20%+ of the unfinanced purchase price you can use some creative methods.
work out an option deal with the land owner. During your option period get contractors to offer letters of intent (if you can get 25-40% more offers than you have property then use your real estate lawyer or other business contacts to provide the additional fund and become limited partners (negotiate the highend cap on the return).
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