Newbie needs to know what questions too ask.

Hello, I am totally new to the HML scene, I have 200k available. Can you assist with the important questions I need to ask in regards to this proposal I was sent below? Plus, can you expand on the basic parameters I would need to have in place to feel secure in a transaction? (I know that would vary greatly, but more less a rule of thumb) if you know of a specific post or some other resource online that would be appreciated. Historically, is it normally better sticking with real estate opposed to a business upgrade/expanding, etc? Thanks in advance.

Proposal…
"I have an upscale water company with tons of potential. We are the official water of the Hawaii Club as well as World Gym. We have been praised by doctors, scientists and everyday consumers as the best water in the world!

We need funding to take company to next level by more marketing and sales. I personally put in over 80k into this project and need a few more dollars to ensure our success.

Please see our website at -------

You can call me anytime at — ----"

That offer has nothing to do with Hard Money lending. If you want to invest in a business there are many resources online to learn about that.

Hard Money lending is making loans that are collateralized by real estate assets.

Eric3, yes, I apologize.
I will stick to Real Estate as I am definitely leaning this way after researching further…

How about this proposal…
I see some red flags, but am curious as to what a seasoned investor would ask?

I am in the process of trying to purchase a piece of prime 1.56 acres of Agriculture Zoned land from my uncle’s friend. The Maui County tax office assessed the value of the land at $407, 000. I want to attempt to purchase the land for about $100,000 and start off building a 1000sq ft cottage on the land and refinance the rest when it is done. I am in the process of fixing up my credit and financially I been working for 8yrs here at the hospital as a Technician. Have made a few bad choices that have destroyed my credit and money saved now so now I have this great opportunity to get back on my feet again. The property is in ----- on River Rd. Tmk# is ----- and there is a house right next to it assessed by Maui County tax office at $1.2 million. — Rd is the address for that property. Please consider this proposal to purchase or if you need anymore information I am more than willing to do more due diligence. Thank you for your time.

Sorry man, you are all over the place. I don’t quite get it. Are you asking for funding?
In the first post you said you had 200K. So you have plenty to buy the property.

My only bits of comment are that you need to find a lender who deals in Hawaii and tax assessed values are absolutely irrelevant to market values and should not be used in any way to evaluate a deal.

You need to figure out what the property is worth, what it will cost to build the house, how long that will take, and what the property will be worth after the house is built. Go talk to local realtors and builders.

Good Luck