They well may, notes are not real estate but, real estate is the collateral.

I also assume that the collateral on these deals is the property so you would need to analyze each note and property carefully.  

(d) Solicits borrowers or lenders for or negotiates loans or collects payments or performs services for borrowers or lenders or note owners in connection with loans secured directly or collaterally by liens on real property or on a business opportunity.

Most financial institutions regard a land contract as poor collateral. 3.

Due only to this one provision, lenders won't lend as their collateral in rebuilding is compromised.

That collateral is then shot again.

.), the seller of the property, a private lender offering a collateralized loan, or a private lender offering a non-collateralized loan.

They keep telling me, because my business is related to the "real estate industry" I have to have properties already available to put up as collateral.

New business construction loans don't exist unless you have substantial assets in other areas that can be pledged as collateral, and/or income to prove the loan can be repaid.

For example, you're really happy with a 4% return, you can certainly find a less risk and less time consuming investment than a rental property (heck, I'll give you 10% to borrow the money with a personal guarantee and collateral!).