student loan blueprint

businesses financing with no collateral. ?

I am 18 and I live in a college town. I have years of experience in building, and lots of local ties. I want to build some 4br 4 bath houses to rent to college students. I talked to a realtor today and he said he could have signed contracts by the end of the week. Comp. rates in this area are 375 to 400 a room, making 15 to 16 hundred a month. I have the location and blueprints for the houses; est. building cost with lot per unit is 120,000. How can i get financing for a project like this with nothing to put down? Are there any sba loans or any alternative means because it is doubtful i could get any money from the bank? Any help will be appreciated.

Haven’ been watching the news much have you. We’re in the midst of a credit crunch. Safe loans are not being made. And no money down loans? Forget it. If you don’t have enough faith or wherewithal to use any of your own money, no bank is going to loan you money in today’s climate. I suggest saving up some money, working on your business plan and trying then. Good luck!

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