I spoke to a friend in late 2016 who was attempting to borrow 500k to buy in the Detroit burbs today when he laughed at the idea in 2012.

Code Title 12, Chapter 13, Section 1701j-3 limits a lender from accelerating a note when there is a transfer to an inter vivos trust in which the borrower is and remains a beneficiary… I forgot to mention, a land trust is an inter vivos trust.Once the transfer is complete, your property will be titled in the name of your trust.

So, I did what a responsible borrower would do--I started making amortized payments.

Besides borrowing from family what are my other options?

My ira will borrow from friends to do rehabs and also for the longer term financing.

I offer 10% on money I borrow to do flips.

Now AS Ned knows I grew up in this business in CA and we bought hundreds of parcels each and every years .. so our title company would insure us day one after recording of the tax collector deed.for someone new or one off or not in the business title insurance is going to be something they want to ask about up front if a sale in a few years is what they want to accomplish or borrow money.the ONLY way a CA tax sale can be over turned is if the person who lost it can prove the county did not publish 21 consecutive days prior to the sale as is the law...

You have no recourse to the property or to any other assets of the borrower in a default.

You should be using your investing to PAY OFF your mortgage, not create more debt.Plus, when you BORROW money, and it's not your own hard earned dollar...you tend to make less informed decisions. 

In my case I was able to borrow against 70% of the assets.