I used to pay a site visit to every property of which we were considering lending or purchasing an existing note.

.$5mm PP = $250,000 acquisition fee, let's assume they are raising $2,000,000 in equity for purchase and upgrades, this means acq fee is really 12.5% of equity.Loan Guarantor Fee: $5mm purchase, let's assume $3.5mm loan.  

I've dabbled in the new construction space here in Chicago and there is A LOT that goes into it...I'd highly suggest spending some 1:1 time networking with some other investors like @Jennie Berger or @Prashanth Mahakali who are both Chicago developersYou make your money with the land purchase and then systems/processes/volume over time in the development game, but it's not easy and competition is high!

Looking at a portfolio purchase.  180k purchase price, 20k down, balloon after 5 years. 

Borrowers that purchased during the last 24 months, particularly with alternative mortgages such as DSCR loans at elevated rates could see worthwhile refinancing scenarios in the very near term just as any early payoff penalties are expiring. 

Harrison, My firm regularly deals with variances and local municipalities to assist clients in obtaining variances.

We purchased this house at $550k.

It's going to be incredibly hard to get hard money funding for your first deal to be purchased at the steps. 

@Ramiro De Leon Congrats on taking the first step of saving up money and preparing yourself for your first purchase!

It is paid off and we just purchased a new primary residence for ourselves.