Originally posted by @Michael Kinsella:I would second what @Jay Hinrichs said above...there was a follow up post where someone got a loan from them but for realistic rates 8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip Generally speaking, I would be highly skeptical of rates under 8% for a hard money bridge-type scenario.Hard money lenders are getting their capital from somewhere, and those investors are expecting to earn a reasonable yield.

@Vijay Singh SambasivamI would suggest speaking to local banks, and credit unions.

Someone here can probably speak more intelligently on the process too. 

So the Property manager is making 60%+ of what you make as the landlord (speaking in straight cash flow terms).

@Kyle TrotmanI would suggest speaking to local banks, and credit unions.

Just got off the phone with the zoning guy and he said since both of my lots pre-date the zoning regulations in the city, they're grandfathered in so-to-speak, which means I am able to build a single family on each one!

I was speaking with an agent last night who said that their brokerage told the property management division to get out of any contracts within the city limits.

I’ve been wanting to speak with someone about that but I’m not sure who would be the right person to ask ( real estate agent , broker etc) . 

Sometimes I wonder if people just feel better about themselves to spend all those nights and weekends on real estate when, realistically speaking, they would have earned just as good a return (or pretty close to it) by investing in a stock market index fund and had way more free time in life  I realize my premise here is antithetical to the whole notion of BiggerPockets so of course bigger pockets hates me writing this, as do all real estate agents and property managers, but it’s the truth and everyone needs to think about it

Can anyone recommend some stand up lenders I can speak to?