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Updated 11 months ago,
Lending money to a builder
I have a good relationship with my realtor who has been very successful and I am looking to learn from him. He presented me with the opportunity to possibly lend money to a home builder as they develop a community. Example; They need money, give it to them as they build a house, they return money with interest, and do it all over again as they move onto the next house.
Any advice? If I need a loan, what kind of loan should I look at? Risks from someone who has been involved in something similar?