Construction loan.

ThanksDepending on the number of loans you originate, it may be a lot cheaper to have a servicer manage the loans for you since many can do it for $20-$25/mo per loan.  

For the past five years, I have been providing private loans to a builder for new construction projects.

Zip code 27801 has, according to this article Where N.C. mortgage holders are underwater on their home loans, a state-high 10.9% of home loans considered "seriously underwater", Q1 2024.

His material online is great but that whole sales call was awful and felt like a waste of time.

A daughter (if not BOTH) to put in it come May 2025.20% of $550k for a family with 2 college kids is a ton.But looming college loan debt from their housing is worse!

Tell them that you're helping out the homeowner and have the funds to bring the loan current.

Just a simple online way to keep track of the loan, that tracks & receives payments, and increases the loan amount each month based on the agreed interest rate etc.I'm going to keep searching online but I'm sure there's a wealth of knowledge here and I'm willing to bet some of you have used multiple platforms.Please let me know if you have advice.Thanks!!!

Further, it will make it harder to get a new loan on a new property. 

With a 20% down loan, you are looking at a 750k property.