So, starting with a budget, and then narrowing it down to the must haves, then the like to, then any bonuses. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I will still use alt. lenders from time to time depending on the circumstances but I will also achieve similar LTC financing through traditional banks and when I go to my capital partners with a term sheet for 85% LTC through a traditional bank with a fully capitalized interest reserve, healthy contingency funds and soft costs built in and the real estate great, its far easier to raise capital because far less equity is required to fund the deal but this all starts with the quality of the real estate.

I am similar to @Benjamin Jones just getting started and looking how to set things up? 

Quote from @Steven Diaz: Hello,Was going to start construction on a two story 3bd 3.5ba 1500sqft primary home and a 2bd 2.5ba 800sqft ADU.  

LENDBASE has the following feesConventional:1% origination fee$500 doc fee (est)Title Work TBDAppraisal $2000-$3000Environmental $0-$2000 (depending on search) Which all seem pretty normal, but FIRST they require you pay them up front $4,000.00 to start brokering loans, it’s their "non-refundable engagement fee.”Has anyone ever heard of this ever?

Hi @Yael DoronWay to start 2025 with a bang! 

Because just those costs can run you close to $75-100k if you hit any snags.I love talking about investments and I love the Packwood area, if you want to dig in more, I would be happy to jump on a call!

My only concern to look out for is that things can go 'rural' pretty quickly if you start venturing outside of town, and most lenders are going to put the brakes on financing if the appraisal lists the property as 'rural' (has to do with what they perceive as the availability of future tenants).Watertown, NY - It probably is as good as you believe, but the lending licensing is pretty tricky up there, so its just  bit more difficult to find lenders that operate up there.

Quote from @William Taylor: Quote from @Travis Biziorek: Your numbers look OK-ish to me.Some things that jump out... how are you planning to buy this with so little down?