Most companies would require this type of disclosure since its similar to what they are doingYes Chris I agree - I think if anything it's not illegal state-wide or federally, since commercial lending is NMLS-recognized.

Tax free money is huge.I may have 100k of instant equity so I don't care about about tax write offs.

Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

I prefer to not hire an attorney unless I must because I am afraid it will cost a lot of money.

Careful going outside state lines -- contract for deed is not allowed in Texas.I didn't think COD is illegal in Texas, just perhaps not recommended anymore, because it is difficult to comply with the rules or regulations. 

Those are usually not local hard money lenders.

I never said these things were illegal or COULD not be prosecuted but its just as likely a lazy District Attorney as a lazy cop!

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

It's throwing good money after bad.

I am proud to announce that I got another client under contract on a 4Plex here in Fairbanks Alaska. They are locked in with a 6% interest rate on a property that we went above asking price on. Currently under contrac...