My hard money lender only lends to LLCs.

now 5 subdivisions later and about 300 new builds Its a nice combination short term lending like we do and long term building.

If you know someone who can lend you the funds, they can act as the bank, and you repay them with interest once you execute your business plan.

Have you ever faced difficulty securing private funding? How did you overcome it?

Thankfully I'm in Ohio which has actually added a chapter and language to the revised code in an attempt to prevent cities from implementing policies that institute rent control or rent stabilization in any form.

Unfortunately the things that Lonnie did back in his day were great money makers but have been all but made obsolete in this under the microscope predatory lending world that we live in.

Hello DerekAre you still lending?

US Prime Rate is used by consumers – it is the rate at which banks lend to their best customers."

I need to continue to pursue cash flow but would very much like to be in a more remote position to spend time on the lending side because being a realtor and appraiser is limiting in a local geographic sense. 

I would also speak to your lender, financial institution and the Realtor/Broker professionals about this situation so, you can make sure you are on the right track, and everything works out in your best interest.