You could form an LLC real easy with you as the manager. Then you loan the LLC the money and the LLC pays you interest. Of course there is no tax advantage because you pay tax on the interest earned. Plus now you have to do a business tax return and a K1 for yourself. All your LLC expenses can be applied to the individual lots and as you sell them off, you get to deduct that percent from you income. The LLC might give you some protection but it can be a lot of paper work for what your trying to do. This is what I did when I bought some land and divided it into lots. I had 2 other partners to work with so it was the most practical way for us to do it.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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