@Diana BatesYou are 100% right with everything you mention.

Caution on the rampant use of social media by FAKE lenders who are out to just steal deposit money from you.no real lender is going to ask for 500 to 800 up front.. also rates too good to be true like 5 to 7 % that is not REAL.Also BS line of how the rates are that low because your buying an insurance policy that protects lenders.. that also does not exist in these loans.. its another BS line.Offer to send you a picture of the guy or gal your talking to holding up their ID.. no lender does that .. all those are fakes and phonies.. think the Nigerian prince scams  they are scammers. 

Quote from @Mark Prince: Would like to see the BiggerPockets phone app brought back   That is on a longer plan.

I may be able to explain it better with an example:$10k from HELOC invested in the businessShows as owners capital in the company's books.First payment is say $200, $75 for princ and $125 for interest.Do I record the payment in the books as a $200 decrease in owners capital then increase the owners capital by $125 as a charge back for the interest portion?

my name is Kimberly Spivey and I run a Certified MBE/DBE construction firm in Maryland and I am looking to network with Real estate investor, property managers and other contractors in Prince Georges County area...

Originally posted by @Diana Duncan:Originally posted by @David Dachtera:@Eric WhitakerThat's a great question for your attorney.Single-member LLCs offer little more protection than a Sole Proprietorship.

This is the equivalent to Nigerian prince email scams written in the same tone and with the same low ball requirements "must have a credit score above 400"

The Prince, therefore, who without otherwise securing himself builds wholly on their professions is undone.

I think the only way to protect is to bring it to the sun light of what these guys do.I mean by now I would think 99% of the public that can get on a computer realizes that there are no Nigeran princes that need our help getting 50 million out of the country right ??? 

Thanks Diana yes I'd love to get in touch with him and have a chat.