To be clear I’m seeking to raise the money from family and friends who are interested in getting into real estate and STR’s.

Would it be worth seeking a free consultation with a real estate attorney to evaluate my case?

The penalties are just too high. 

I am now at a big of a standstill, and I am here seeking advice on next steps.

As a result of being federally charged with these crimes, you may face monetary fines, penalties, prison time and other consequences of Equity Skimming.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.

Most hard money lenders do not have prepayment penalties and most will be in the rate range of 10-13% with 2-4 points as upfront cost. 

@Colleen A Levitt check if you have a prepay penalty and what the seasoning requirements would be for the new loan to recognize the new value.

Aloha, I am posting in hopes I can find someone who may be willing to mentor me in real estate investing. I have purchased different mentorship programs and have completed REI courses but when it comes to taking actio...

Networking is another powerful tool—engage with local real estate groups and seek mentorship to accelerate your learning and build connections that will support your growth.

Understanding the interest rate, loan maturity date, and any prepayment penalties will help gauge urgency.3.