Asking a question for a friend, he has 2 houses both paid for he lives in one and has a sitting tenant in the other paying token rent (can't get them out or raise the rent). He is looking to finance a new build on a plot of land he has and plans to move in when it is done and rent out. The house he is currently living in, he is living off saving and earning a small amount from s/e not enough for a mortgage etc , question is how can he finance the house build?
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