Private Money Lending

[John Williams]

I want to start using my self-directed IRA to lend money on various small to mid-sized projects. I was planning on creating a website to offer various products and terms.

For example, my page might say something like "Borrow $50,000 at a 10% interest rate for 12 months."

The goal is to serve as a small-time "hard money" lender. Am I allowed to offer these kinds of products? Do I need any kind of license? Are there certain advertising rules I have to follow? Are there any kinds of restrictions as far as what kind of products I can offer?

If there is anyone out there who self-directs their IRA or lends privately? I'd love to chat and pick your brain a little bit!

Thanks!

John

Investor from Clarksville, TN