Without solid knowledge on this subject, you can easily end up in hot water. 

Because that trail will undoubtedly lead back to the alleged borrower.

Underwriting a new construction is like a flip on steroids in terms of volume, however you will find that you can get a much more accurate budget in the end because unlike a flip, there are very few unknowns going into it.

Did you end up flying and looking in person in the area?

This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

At the end you will come up with a ratio. 

You have to disclose all of this when you sell, so you will end up paying your plumber or discounting to your buyer.

If you plan on moving back, this makes sense, but if not, it seems silly to now try to BRRRR where you just were.

Your LLC saves you absolutely nothing on taxes, unless you will end up making a killing on this deal or have other juicy deals - and that is a big IF.

However, given that we anticipate completing this project well before that timeframe, I’m exploring alternative solutions to better align with our timeline to get our investment back soonerThank you again for your assistance!