Determine the cost of construction (hiring a contractor in the GNO area is going to start around $165-175/sqft to build) and be sure to include all holding costs, as well as interest in the loan.

The reason I say this is because you probably have a loan on the properties, or one will have to get a loan to buy out the other.

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

House HackAttend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakersNetworking app like blinq to compile all of your contacts for REI in one area with phone and emailbegin conversations with local credit unions exploring what type of loan products they offer

I had a “lender” tell me he’d give me a personal loan with a fixed 4% rate on a 30 year term at whatever amount I wanted because he would like to “build a relationship” with me. 

Are they free & clear or have loans on them?

Investment Info:Single-family residence hard money loan investment.

Investment Info:Single-family residence hard money loan investment.

It's not just any kind of car, and even if you buy the "right" vehicle, it has to be used 100% for business, which is rare.