Becoming a Note Originator

[Chris H.]

I was wondering for the purpose of starting out, if the premise of this strategy would work. I would like to get into Note Investing. So I was thinking, could I as an individual take financing from my own LLC to buy a property? (The devil is in the details, but give me a little latitude here and humor me with the premise.) I would think the initial difficulty would be offsetting the LLC's capital unless it was already pre-established, is that correct?

For instance, say I establish a new LLC. Could I hard money lend to an individual (myself) for the purpose of purchasing a property?

(This seems like crowdfunding without the benefit of the crowd, but play it out.)

Would the individual get the benefit of the mortgage interest payments and the LLC reap benefit from the operating loss? Obviously, the LLC would need to recoup those losses over time, but I think you get where I am going.