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Updated about 5 years ago on .

Bryan Carleton's profile image
Bryan Carleton's profile image
Bryan Carleton
  • Rental Property Investor
  • from Maine
  • Member since Sep 23, 2018
  • Posts 18
  • Votes 3
  • Experience 10 Yrs
  • Investments 4

User Stats

18
Posts
3
Votes
Bryan Carleton's profile image
Bryan Carleton's profile image
Bryan Carleton
  • Rental Property Investor
  • from Maine
  • Member since Sep 23, 2018
  • Posts 18
  • Votes 3
  • Experience 10 Yrs
  • Investments 4
Bryan Carleton
  • Rental Property Investor
  • Maine
3
Votes |
18
Posts
Buying & Selling Real Estate

506B/506C vs Member LLC

Bryan Carleton
  • Rental Property Investor
  • Maine
Posted

Hey guys,

I see lots of people asking about 506 regulations but what about 506b or c vs a member LLC? Basically I have some friends that have lent me money in the past, I've done a few flips and paid them back. We structured it like a personal loan back then. However, now I'm attempting to do it the right way and file 506b. But why couldn't I just set up a member LLC, make them members and use the LLC to purchase a flip or a buy and hold?

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