It is on the low end of the spectrum IMO.

@Amanda Galloway there have been a lot of great answers here.46226 is much too broad as some have said.

Having worked for groups that have been through a spectrum of life cycles (one off syndications through consolidation, institutional funds, non-traded REITs), there is a general immaturity in the syndication space when it comes to the finance side.  

That was a really tough time to get a loan and they believed in me.Local banks and credit unions also know the area so they can adjust a bit from a larger macro brush used by bigger banks.Positives of local banks:- you develop a relationship so you can someone you know and talk through a deal before you even offer on it- less broad strokes on requirements- longer fixed terms 10 year fixed is not uncommon (think hedging future interest rate increase)- most have no prepay penalties (this is huge and give you many options) If you cash out refi after a BRRRR and then 1 to 2 years later a buyer shows up a your door with some unbelievable price, you can sell without prepay penalty calculations.

In addition, the broad range of people moving here creates a rental market that can go up to $2.5k a month!

Broadly speaking, this is to offset the cost of adding infrastructure to the developing area (roads, utilities, etc).

@Kofi Thompson, this is a very broad question.Buying: at a very high level, you need to know construction costs, stabilized rents, expenses, reserve requirement and debt service, and your return threshold.  

A wide spectrum of non conventional loans are available, ranging from just a point or two over conventional rates, to hard money rates in the 12 % range.

Something I’ve learned is that there’s a spectrum of RE skill with RE Capital.

The questions are (1) where on this spectrum do you want to be and (2) what is the best way to get there?