Hard money is probably 1-2% origination right now with 12-14% interest for 6 months, so that's why I say you have to be good....and fast and buy right.   

I've spent several years developing skills and tools to be successful in a very niche space.I usually work with mom-and-pop sellers who have originated just one seller carry in their lifetime and, when they connect with me, have never sold a note. 

Beyond removing the developable parcel from existing loan expect whomever finances the construction to want zoning, building permitting and utility connection approvals before the loan is originated (some will accept just zoning).

More specifically to @Marc Shin's request, unless everyone and their mother is drafting their own operating agreements, the original was drafted by someone else.

Note that we also held back $3.9 million of the $5.5 million raised in this sidecar, so there was only about $1.6 million “at risk” originally.

Originally posted by @David Song:I lived in Columbus for 5 years, many years ago.

Originally posted by @Nathan G.

Originally posted by @Jonathan Howard:@Ronnie Lee  which brokerage did you end up going with?

Normally I would remove this post as self promotion- the original poster is a lender.

Originally my research lead me to believe prior to purchasing that I was responsible for past utilities and any liens on the property, but not the mortgage.