They will look at the ENTIRE cost of the project and calculate what they can offer you in loan amount.

Because you're new, it is a good idea to ask about the brokerage's agent training offerings and potential teams to join to get experience. 

Looking forward to hearing what your market has to offer. 

Dena, thank you so much for the offer!  

But if your goal is to leave your day job soon, multi family will offer more cash flow typically.

I offered them 10% down, interest rates favorable to me, amortized for 30 years, but with a balloon payment after 3-5 years.

Are they offering competitive rates and terms compared to other lenders in your area?

I would start with them.I am not based in LA, so I don't know your exact laws, but I think I can still provide some initial direction for you to find answers, and maybe offer an idea to research.  

It’s more about offering a different option for owners who need capital, and offering investors to access the world of real estate investing fast and smart, like never before. 

The price was right, REI Nation offered management fee concessions, REI paid down the rate, and the rehad work was spectacular, as usual.