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Updated almost 6 years ago on . Most recent reply

User Stats

795
Posts
768
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Brandon Hicks
  • Investor
  • Avilla, IN
768
Votes |
795
Posts

Is there a limit to how many private loans you can have?

Brandon Hicks
  • Investor
  • Avilla, IN
Posted

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.

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