I’m new to this forum. I am interested in making an equity loan. I do not have enough to buy 40 - 80 acres outright myself. Nor do I have enough to buy a home at this time. I do have enough for a down payment. This would give me some exposure to real estate.
How do I go about finding somebody who would be interested in an equity loan?
thanks,
Tacitus7
An equity loan is a loan based on the difference between the price owned on property and the its value. Usually, an equity loan would be prepared for the owner of a home. I think your question is a little unclear.
Are you interested in trying to purchase your first house. You can do that with No money down depending on your circumstances, FICO scores, income, etc. You should probably contact a real estate agent and find out how much you can qualify for and then move forward.