I recognize there is tremendous risk in pursuing a development and lots of possible pitfalls, but we hit the jackpot with the location and to us represents once in a lifetime opportunity to remain owners in a prime parcel of urban city property that every person I have consulted with in real estate has agreed should be held on forever given its appreciation potential. 

Best of luck on your first project, and may you avoid all the pitfalls mentioned in these posts. 

Or, avoid the unknown of possible pitfalls and further unseen damage that we'd be taking on, and save the capital for another investment? 

People can do it on their own, but having a mentor can help keep someone on track, push them to excel quicker, and help them avoid the pitfalls. 2.

Hi,I was curious what the process is, and what possible pitfalls there are for someone, particularly a beginner, to obtain hard money for a flip?

While I've been intrigued by the ability to invest in notes from anywhere, it is what concerns me the most about making the leap into it. The transactional aspect is appealing, as well as the ability to accrue cashflo...

What are the pitfalls of me getting into this transaction?

However, I know there are always unexpected pitfalls, and there are people on here far more experienced than myself in the realm of investing.

Any pitfalls to watch out for?

Are there any pitfalls/ contingencies/information I should definitely be aware of before considering this route?