Are you leveraging the stability of conventional loans, the speed of hard money loans, the flexibility of private money, the creativity of seller financing, or the collaborative approach of partnerships?

I did Eddie Speed’ Note School training online, but at a cost of $72K for 2 years of supported access to his mutual fund of Notes, I can’t get beyond the sticker shock of Eddie’s mentoring program, but would love to do more DOT/Note deals if I can find them.

I still think looking for a TLC 2-4 unit can be a good idea to open up the ability to upgrade/renovate to speed up the equity position and tap into the ARV to pull your initial capital back out plus in most cases enough for the next down payment. 

It needs to be a certain speed, certain smoothness to your due diligence and underwriting procedure, you really shouldn’t get too much into the weeds, especially when calculating monthly costs.  

@Nathan FrostThe advantage - some will do 90% and 100% construction but recognize your signing a personal guarantee and will be paying 10-12%+ for interestBenefits of a private lender are speed to close, creativity in cross collateralizing etcThere are a lot of people on BP that think oh private lending is less strict than banks and easier to get.

Most general practice attorneys probably are not up to speed on these..

Getting up to speed to be all grown up in real estate like you is going to take all the help I can get!

You can house hack too while doing this too to really speed up how fast you can scale.Finally, I'd caution you against dipping into the C class neighborhoods.

Hey @Tom Brown - I'd echo @Paul De Luca and recommend @Samuel Pavlovcik, but also through out @Prashanth Mahakali...both are awesome Chicago architects and good friends.Things have changed with the City of Chicago, but probably not enough...whichever architect you work with just make sure that they are self certified which can drastically speed up the process.What neighborhood is your property in?

Knowing how quickly great deals are bought in this market, speed wins, and after a follow-up showing the next morning, I put in an offer on Friday.