However, the check is mysteriously for double or even triple the amount it was supposed to be.Being the honest person you are, you contact them and tell them what's happened.  

You generally have to gut it out with equity partners and private or HML to build your book of success's and at least 2 years of profitability before a bank will even take a peek at you.now there are banks that will do owner occ construction to perm loans.. like here in our areaits Washington Federal.. you may google them and read about the program then see if someone in IL does the same. the other stuff is just vanilla  federally backed loans no mystery there.as for your arch fee's as equity.. we really don't see this.. counted as equity at least in our area for resi construction as the fee's are quite nominal  IE 3 to 10k to get a finished plans for new construction SFR's up to 4 plex's.

Mystery solved.  

For younger agents, the question of experience is less of a mystery, and it's usually obvious that they don't have decades of prior sales experience or an arsenal of their own investment properties.

Here is a quick breakdown Investment from an mystery investor 100,000 +20 year am, 6% balloon in 5 years Investment from me 25,000 Investment from Him 25,000-35,000 (depending on purchase price of the building) Additional 30,000 Spend from Him into the commercial building- No payments for Him for first 3 months- Balloon Payment from him OR refi on the 5 year term ( Flexible but is in our benefit to have interest accruing)So it would be refinanced or paid off at or before 5 years.

Keeping a short pointed message will be more effective and leaves enough mystery for someone to want to learn more.

Ahh the mysteries of learning how to work with other people in real estate.

So it's not as mysterious an endeavor as I thought, and it's legit.

But even so, (according to the US Govt. because the structure is in a Lower Socioeconomic area, that will cause children who live there to Desire to eat Lead Paint and give them Brain Damage, but living in Brighton doesn't cause this same Desire).Why the US Department of Commerce is concerned about this (and not the US Dept. of Health and Human Services) seems to be a mystery, but that's the US Government sometimes.https://www.youtube.com/watch?

There is a reason he will only tell you the general market segments he is in and not the specific funds, the advice is supposed to be shrouded in enough mystery that you don't feel confident doing it on your own.