I came across a lot that is in a good location, zoned for residential, commercial or mixed use. It currently has a small house on it, but it’s a tear down. I have a couple of ideas for the lot. It would be my first investment. I do plan on building/ putting something on there so i will eventually need money for that too.
I’m just not too sure on how to get a loan for it because i know it’s more difficult.
I own my home and it’s paid off. Is a HELOC a good option? Is there a better option out there? I’m in my 20’s