I know EXACTLY where and how my numbers work and if I take longer than expected on construction and the sell (dispo- Sale)Let me ask you a question, if I loaned you 100k at 20% interest and you had no money out of pocket cause you used a gap lender at 9 %, and you still made $15k in 3-4 months OR MORE (I shoot for 15% profit), would you use the hard money loan to gain experience, knowledge and then leverage into better Interest rates the more you do?

Basic information, pros and cons, a little about your experience in Detroit? 

I've had nothing but good experiences.

We are finding that working with individuals in pre-foreclosure has been fruitful and there are so many people that have 40% equity or more.

I love the way you detailed your experience.

I think we all can acknowledge that Divorce is one of life's most challenging experiences, but can it make you a better real estate investor?

I want to ensure that nothing is overlooked that might prevent future construction.Does anyone have any similar experiences or advice they can provide on navigating subdivisions and zoning?

There was a lot of information I didn't mention in this post since each company and individual can operate differently so if there was something I failed to mention, please feel free to leave a comment).The terms Hard Money Lender and Private Money Lender can be confusing because people sometimes use them to mean the same thing.

Quote from @Taz Zettergren: @Johnny Haygood hate to hear the investment experience has started out for you this way.

There are individual investors who might lend privately, but not banks or hand money lenders per se.