Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

The reason to have comparables is if you are representing someone or perhaps purchasing a house for yourself to live in.

Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?

A unit within walking distance of the Blue Line in Wicker Park might rent for $2,200/month compared to $1,700 further away.10.

Did you vet contractors in-person prior to hiring them to work on your projects?

We’ve tried other platforms on the market, but the message delivery rates were very low compared to the 85%+ I get here.

Projects that may not make sense for some, will make sense for you if rehab cost is at 70%, comparatively.

Baselane has been a game-changer for me, saving a significant amount of time compared to manually tracking everything in Google Sheets.

Private Money Lenders are going to be hard for a primary residence as it is an investment and typically they want to see a return prior to two years - also, the house would need to be purchased at a discount which would limit your options on a primary residence - now if you are looking for something that needs some work that you are planning on fixing up, it would be a little more feasible.

I did notice end of 2024 to be more active and January to continue that streak compared to 2023 and start of 2024.