I am currently in the market for land where I can build a new construction (ground-up construction).I recently read about the HomeStyle loan on BiggerPockets and wondering if anyone in Chicago has had experience they can share?

This means I am constantly researching different sub-markets in the D.C. area to try and find the best locations for future growth as our fund looks to buy and hold our investments as do many of my clients. 

I've had my share of challenges, including dealing with the ups and downs of the market, but I’m committed to learning and growing.

What are the typical terms when putting an LOI in your market?

Especially in volatile markets like this one. 

First off, it is extremely difficult in today’s market to find any “deal” that matches up to his criteria, but in my mind I had actually found one.

Don't limit your marketing in any way! 

Mortgage rates are driven by The 10 Year Treasury so in order for mortgage rates to go down, we need to see “investors” pull money out of the stock market and put in to the 10 Year.

We see ourselves competing with national home builders in the markets we build in.

This was an off market deal that an older lady presented to me.