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Updated almost 6 years ago,
Is there a limit to how many private loans you can have?
I know there isn’t a limit on how many private mortgages I can have...what I’m asking is this...
Is there a limit to how many private UNSECURED notes that I can have to use for my flipping business.
Or asked this way...will I have any legal issues if I went and borrowed UNSECURED funds from 4-6 people and tossed that money in my operating account to use as down payment and rehab funds for a BRRRR deal for example? I would make interest only payments to them during this period and then repay them with a refi.