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Updated about 3 years ago on . Most recent reply
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Where do I go to start a 506 (B) fund?
I think I want to start my own 506 (B) does anyone have any advice on who to reach out to so that I can start one?
I work as a real estate agent in central Iowa and because of the marketing I do, I am constantly getting listing leads. Some of the leads have homes that need work. I want to start a fund so that I can come back to the sellers with a listing proposal and a cash offer.
Most sellers will probably list their home which is fine but I just want to provide a convenient option for them if that is what is more important to them.
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Why do a fund rather than work with 1-2 established private money lenders?