I'm familiar with how a hard money loan is structured, but structuring a deal from a private lender seems like the wild west.

Dive into syndications and private placements as a passive LP partner.Birmingham was my first out-of-state investment experience, so it holds a special spot for me.

If you don't do a lot of transactions make a folder and label it 2024 scan and store all receipts for bookkeeping.

Maybe label it as an office space?

For our private lenders, we use people in our local real estate community.

Should I consider private lending, HELOC or another short term lending to fund the home construction? 

If you need more information pls send me a private message or just reply my post thanks

Sometimes it’s surrendering the ability to get your money back at all… see this thread on Norada Capitalhttps://www.biggerpockets.com/forums/960/topics/1196567-nora...Unrelated to any investment I have made or even real estate, I have watched both my parents fall victim to clever marketing scams where they lost a combined 6 figure sums - both from in person marketed investments… so not something like a phone scam… but was a private placement “opportunity” not unlike how a syndications are offered, where management siphoned off investor money and used it for their own purposes.   

The number of private landlords sued for more than their insurance will cover is astronomically low.The best protection: follow the law, and treat your tenants honestly.

I have been looking at local private lenders, too.