This will be done with my girlfriend and i. Projects include getting a cabin, which would likely be a prefab or manufactured building, ones I'm looking at are between $20-40k, a foundation, drilling a well, maybe running electric from across the street. I'm hoping some option could get me around $40-60k. We both have ~$10k in savings, i make $45k a year, she makes ~$35k, I have $7k in credit, my credit score is 735, she owns the property which is valued at around $25k.
Doing a simple lending tree estimate I see plenty of unsecured loans at good rates for $15k but I definitely need more than that.
I know very little about loans and finances so if you could explain some of this like I'm 5 that'd be very appreciated!
original posted by AdFamous7264 to r/personalfinance on Wed, 28 Feb 2024 13:17:01 GMT.