I think the lack of replies so far illustrates that few investors are involved in new construction in Baltimore.

Except that most people won't spend that hour they paid for whatever finding deals, they will spend it watching Dancing with the Stars as @Brandon Turnerlikes to illustrate.

Most of the information I've found from different sources doesn't clearly illustrate how to take a refinanced mortgage to pay a private lenders. 

At 4.5%, the 30 year payment is $506.69At 4.5%, the 15 year payment is $764.99 (the 15 year interest rate and payment should be lower in reality, but I'm keeping it the same for illustration).

JV deals do have their place, but this example illustrates better leverage and profit with a HML.

To illustrate this point, here are two scenarios:Scenario A: Hi family member, I'm thinking of investing in real estate.

Also this would illustrate the ability of doing the same small things over and over will have a big result 2*2*2*2...Am I close on what your are trying to get at?

There are two main qualities of real estate that I’ll highlight here to illustrate why I believe it to be the better choice: first, it is a much more permanent investment when compared to a company.

There are two main qualities of real estate that I’ll highlight here to illustrate why I believe it to be the better choice: first, it is a much more permanent investment when compared to a company.

For example, if the building grosses $60k a year (and nets $45k after taxes and expenses) what is a fair offer (note these are not actual numbers and used for illustration purposes)?