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Updated over 8 years ago,
SDIRA Lending across state
I am looking to do private lending from my SDIRA across state to someone in New Jersey. Do I need to do research as far as state guidelines, do anything different when setting up the loan agreement? I will have first lien on their property as collateral written in the contract. It is a small amount set up for 3-5 year payment at 8% interest. Any other do's and don't?
Thanks