What's changed since your post?

And with the post declaring that LVP is just a plastic covered picture posing as flooring!

Originally posted by @Carini Rochester:While I have not heard the term 'paper lot,' I'll take a shot at it.The subdivision has been engineered, drawn, surveyed, approved by the municipality, filed with all offices (D.O.T., county surveyor, water district, etc. but no work has been done in the field.

There's already post here with a response a few down that covers the types of forms that you should be using: https://www.biggerpockets.com/forums/49/topics/413352-private-lender---forms-requiredTypically, the lender (you) provides the forms after their attorney drafts them, but the borrower (your friend) would pay for the cost of doing that.  

One thing I will say is to start before you think you are ready, learning from experience will always be more valuable than any BP post or youtube video that you watch. 

Originally posted by @Michaela G.

Newbie here to this site...first time posting. 

Go to their Facebook page and just look at all the comments after each of their posts and you’ll have all the information you need about why this company is not worth it and a huge hassle that actually cost you more money.

Can you post the sources?

It's going to be a factor almost anywhere you'd invest, but just make sure to add a bit of cushion into your costs to account for increasing premiums.