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Updated over 1 year ago,
Can my trust issue public mortgages?
If you see below, I got good info on my initial question. Now I have a followup.
Can I use my revocable trust to issue public mortgages? I see many who can't qualify so can a hard money interest-only mortgage loan be issued from a revocable trust? I would probably need a license for it I'm sure, right? Is it worth looking into or is it a major regulation nightmare?
Would the borrower be able to write off the interest on their taxes?
Thanks in advance.
Hello, I am taking a shot here, I can't find this online
If I have a funded revocable trust, can I use it to issue hard money loans for real estate publicly? If so how does it work? Is it legal and are there tax benefits/risks?
thanks for any guidance