These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

@Will Ervin Try local real estate investor meetups.Key data points that any lender (HML, private individual lender, or other) will want to understand about the project are:- Property type (e.g.

I’m trying to understand the terms of these construction loans to build a duplex and choose the better option ASAP. 

Meanwhile I see people picking it up within days.What am I doing wrong?

Quote from @Cory Waldron: You don't need a mentor, a coach, an investment training program, an LLC, or any of that nonsense people try to sell on YouTube videos.

DSR lenders have better rates.Two other challenges:1) Identifying neighborhoods to buy in and understanding what properties to buy2) Finding a PMC that can deliverIf you can navigate all of the above then yes, your plan can work.

My understanding is that we'd pay $1,000 for a rent appraisal which would have to come in with a ratio of at least 1.0 (i.e. at least as much rent as PITI) for the loan to be approved.My concern is that 730sf is basement, and only 300sf of that is fully finished. the rest is just walls.

People have been telling me for a while to get on this app because of the types of properties and sellers I work with.

Some people do not care, but so do not want a 4-5 year PPP.  

This is a conventional loan so my understanding was that I could request the removal of PMI once I got to 75% LTV (as opposed to 80% with a primary residence) as this was the case with the other properties.