Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Structuring a Private Money Lender Deal
Hi!
I have a private money lender giving me 25k for 4 months at 10%. They are just going to write me a check for the 25k. My question is, can I just write them a check after the 4 months of 25K plus the 10% on top? Or is there a 1099 or some sort of tax doc I need to fill out to make sure I'm following the correct process? Thanks!