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Updated about 5 years ago,

Lisa Eckman's profile image
Lisa Eckman's profile image
Lisa Eckman
  • Lender
  • Member since Sep 18, 2019
Connect

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114
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29
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Lisa Eckman's profile image
Lisa Eckman's profile image
Lisa Eckman
  • Lender
  • Member since Sep 18, 2019
Connect
Lisa Eckman
  • Lender
29
Votes |
114
Posts
Private Lending & Conventional Mortgage Advice

New to Private Lending

Lisa Eckman
  • Lender
Posted

I'm new to Private Lending.  I've been concerned about how to cover myself in a transaction, but am now asking about if there is anything legally I need to do to be a private money lender.  Anything legally required?  Rules, regulations, guidelines?  As far as reporting interest, I believe I just report it on the 1040 on line 2b - taxable interest.  Any and all information is welcome.  Thank you!

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