I am interested in purchasing an 11.4 acre parcel of land. It will sell for around 320,000.00. I would like to build a custom home on it. I would like to put as little down as possible. What kinds of loans are available? How long do you have before you hvae to break ground? Do you then transition into a construction loan? I wouldn't want to put my current home on the market until the new home is almost done.

Secondly, I would like to purchase some/a "fixer upper" homes/houses. I have a friend that is starting out on his own as a contractor and he could do the fixing up, then I would flip it/them to sell. Hopefully turn around time would only be a few months per house. What type of loan would this require? How much downpayment?

My current financial situation is strong (excellent income with excellent income history). I do however have a primary residence with a first and second. I have a beach condo with a first and second. I have a rental property with a first and second. My condo is currently on the market to sell. I intend to use the proceeds to pay off all my second mortgages and to refinance my primary residence with a 15 year loan as it is currently interest only. My credit rating is 691- Eqifax, 718- transunion, 727-experian. I hope to increase those scores by paying off all the second mortgages.

I am trying to determine the types of loans and also the cash flow I will need to take on the above purchases.

Thanks!!!