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Updated almost 5 years ago on . Most recent reply

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Aaron Crawford
  • Tampa, FL
5
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new guy question about private lending and taxes

Aaron Crawford
  • Tampa, FL
Posted

I am just starting out and reading books. Do all private lenders require special tax requirements or just when you are publicly soliciting for funds? In the book "No or little money down" in chapter 6, it is discussed but highlighted legal advice is needed and a CPA for taxes in the event you want to publicly put yourself out there to find funding. I might have a few people interested in private funding but as long as I have the right documents outlined and a plan, what else is needed?

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Aaron Crawford

Welcome to the BP family! Good to have you here! Here are some recommendations for you:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: https://www.biggerpockets.com/podcast

Wishing you the best!

  • Dmitriy Fomichenko
  • (949) 228-9393
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