Even if you do not need a state license, you are making a consumer loan and have to follow numerous federal statutes including CFPB etc.

Search the BP for ADU appraisals to encounter numerous examples.

These are individuals who are already conditioned to take on greater risk with the hope of a higher reward outcomes and will be attracted to the potential of syndicating real estate deals.Despite the greater risks associated with their current professions, I am sure most if not all are involved in businesses with  greater than a 2-3% success rate.

Reddit threads about this and allegedly has his license revoked in Arizona as a GC for numerous violations.https://azroc.my.site.com/AZRoc/s/contractor-search?

With the wealth of information available on BiggerPockets and numerous other sites and books, I'm not sure where to start.

I am hoping to learn a lot from the members here as well as build lasting and rewarding relationships.

If you're familiar with stock options, this is exactly how call options work, although they only go out a max of maybe 27 months or so.My questions are a bit numerous, but I've ordered them roughly in order of importance for me: -Is this legal?

The way I see it is increased risk but no increased reward.

Our market in Memphis, TN, offers numerous hidden opportunities.

If you’re focused on building capital quickly while you’re young, flipping properties could be your main strategy for now, with rental properties as part of a longer-term plan to balance risk and reward.