If I'm wanting to lend money to someone with my private money, for them to purchase or refinance and I'd be recorded as the 1st position lender, would that money be a tax write off?

I just don't know where that stops or where that ceiling stops, but because it's still so new, there's probably going to be a lot of money moving into that area as a new vacation spot. 

Hard money

I understand the term "over leveraged" to refer to situations where an investor has borrowed more money than the value of the properties.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

@Eric L. as  @Lucas Miller mentioned I would definitely pursue it because money chases good deals and not the other way around.

Many investors are too use to quick money over the past decade.  

The fact that you have 8-10.5% interest rate and still cash flow is impressive, but I'm guessing part of that is because you put a lot of money down. 

If you don’t plan on working as a traditional agent helping people buy/sell properties it may be best to save your time/money and just dive deep into wholesaling. 

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.