You've got to steer away from these conformists in the financial marketing world, they will not make you any money (unlike themselves).Now down the road you might go to the financial advisor as an expert on various aspects of real estate, with a proposal for how his/her clients can earn 8-12% returns with you, and you are considering accepting new investors that are a good fit for your program.

As this is your first project, and your household income will significantly decrease once construction starts, my guess is you'd be looking at a lender that somehow is interested in the proposed project, would be willing to finish it if you can't (you've spent your reserves), and will be deinitely lending at a high cost.

Mala,On the surface what you are proposing is illegal.

Ryan, I think you have to take in to consideration more factors than the ones you proposed.

You do need to be licensed to do what you're proposing, unless you own the building being rented or are an employee of the owner.

You will likely need an architect to create some plans and elevations and/or renderings to show your proposed building will fit in with the neighborhood.

It won't cost me anything to use them, since the Bank will pay their commission.If you have some reasonable information on the property, the other thing you can do is write up a proposal and tell them that you want to come down in person to submit the offer.

Karen Margrave thank you for your response. im using them to learn their meanings for future proposes, i want to be able to know what the terms means when the situation present itself.

Also, my father is trying to retire and would like the responsibility of the duplex off his shoulders.The proposal: My father wishes to transfer the deed over to my name, if I want it of course.

Your role will be to manage the investmentsand make regular reports to show progress.This is the proposal in summary:1.