Structuring Private Money Loans
New to the Real Estate/Investing world; bought a rental about 15 months ago and looking forward. I am an architect and naturally want to explore new construction/development.
I own a vacant lot, and have a home designed and appraised. Potential tenants are showing interest. The problem: I am missing out on committed tenants and other opportunities while I try to save enough cash for this investment property.
I am looking for helpful resources on how to structure loans from private money. When does the term begin (when loan is approved or when tenants start paying rent)? When do investors see the return and I hold the property on my own? An example of the cash flow in this scenario would be very helpful.