Hi Tom, Sounds like you are in a good position and have options!

If we were a GC and had cashflow for 2+ years and positive NOI they would consider a small business loan but outside of that, its challenging getting a business loan for real estate.

Thank you You are obviously a sincere young person looking at improving your financial position.  

It's challenging to find lenders that are willing to be in 2nd position on an investment property, but I called quite a few during the process. 

There is plenty of supply so I would either pass on this or write them an offer that makes sense from your position.

We still see 1% positive cash flowing deals with appreciation potential. 

For example, if you are in a secured position and invest $25k and can get 10% per year at $2500 or you can get 15% unsecured which is $3750, are people willing to risk the extra $1,250 a year where you could lose all of your $25,000 investment compared to being secured where chance of losing it all I would view as astronomically lower?

Quote from @Luis Pereiro: Quote from @Jay Hinrichs: what position that's an important factor.. bare land notes generally sell for a 20 to 30% yield. 

@Laura Casneri am in a similar position, i am making an offer every couple of months or so, and either getting outbid or the seller doesn't want to sell. 

@Deal H. that is great to hear you are in a position to make your first investment into real estate.