Lending is a highly regulated, complicated endeavor, and it's important to know all the requirements for licensing, etc.

I am not licensed for consumer lending in TX, so I don't have a dog in the hunt with this opinion.

I just got my real estate license in Virginia.

If a licensed real estate broker, not a salesperson/agent, has “made or arranged” the loan, then the usury law DOES NOT apply.

My business is funding BRRR investors as a PML and I build homes I built homes in ocala and funded probably 200 plus BRRR deals in Orlando for my client there. that was in the day the big FLA wholesalers were licensed..

I also told the tenant she would need a new business license and insurance appropriate for the new business model.

I do have my Real Estate License in non-working status as I do not have a brokerage assigned to it and I am in the Los Angeles area.

For what it's worth, my current job has a very high barrier to entry in terms of experience/licensing so I can get hired tomorrow and make the same money if I ever needed to come back.

I am currently taking a course for a real estate license ( I know, different and not really necessary for real estate investing) for the sole purpose of commitment and telling myself that if i sign up for it, I am obligated to learn it, take in as much information as possible, and make a career for myself.

The building is located in Berwyn, IL... just outside "Chicago Proper" where STR licensing isn't required.