My wife and I currently have an investment property in the Elk Grove area with 140k in equity and a home in North Oak Park with 90k ish in equity that we're currently airbnb'ing but would prefer to not have to go through the hassle of refi or pulling cash out with a traditional bank/credit union.Both have credit scores in the high 700's, low 800's and debt to income ratio of about 25% with a potential of being closer to 10%-15% if my wife finds out she passed the CA Bar this upcoming Friday!

Originally i had in my contract that there would be a exchange of money as a holding to be legal.

Dabblers can be dangerous as they tend to not be experts in a specific filed and can make mistakes or overlook problems that can cost clients dearly.No legal advice given.  

@Ryan Young If you have enough room in your debt to income ratio, you may qualify for a construction loan.

Of course, aside from the legal ramifications, I would still need to investigate the best way to go about this from a tax standpoint (i.e., Canadian citizenship or no?)

The general terms would be 10% down by home buyer, 600+ credit score, 9-10% interest rate to home buyer, and legally originated by a registered MLO.My question is this: From my reading of posts and other research, the current yield on something like this a note buyer should expect is around 9-14% or therabouts. 

For businesses seeking legal assistance in obtaining a commercial real estate loan, I am offering discounted legal rates in disaster affected areas. 

Get rid of debt, build a budget, and save.

I did have a deal fall through- triplex was only legally a duplex and became a nightmare project after the inspection.

I've seen some differing view on if this is legal or at minimum troublesome so would need to consult an attorney when/if we get to that point.I'm thinking on $500k home 3% Option, 2 year lease option at today's market price + say 2% annual appreciation, so $520,000.