I am looking to purchase a piece of raw land to build a commercial building that is going to cost around ,000,000 to build and that does include the cost of the land if I bought it outright. The land I am looking at, the owner is willing to Owner Finance it. I need 20% down payment on the bank loan so I need to put up 0,000 down payment on the loan. I do not have the 0,000 cash on hand so therefore the owner of the land is going to finance the land for 10% down payment on the 0,000 sale price with his own interest rate. My question is, if I pay the owner ,000 down payment on the land how much equity will I have on the land? Will I have the full 0,000 worth of the land or only the ,000? Do I have to ask the owner to release the title of the land to my name so that I get the full equity from the land?

I want my cash down payment on the bank loan to be as low as possible. Want to use equity on land as source for the down payment along with cash.

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