Being in a lending business will be defined by SEC as well as IRS Code, if you're in the business then you are not a private lender.

No matter what you are looking at you should make sure they're compliant with the SEC as well as Blue Sky laws when applicable. 506(C), CF and Reg A Tier 2's are becoming popular and they can be expedited and affordable for even startup funds. 

Now do you take advantage of the k-1 distrubution vs the salary to work around the taxing from the self employment SECA 15.3%?

@Pauline Hanuise My pleasure :)I personally really like Sant Antoni - it's right across the street from the area I mentioned earlier (Poble Sec). As

(Passive income (rental income) is not generally subject to SE tax (SECA tax) even if earned through an LLC.)  

I know I won't have a problem with the SEC as the # of investors and the $ amount is way below what you actually need to register due to Regulation D rule 504.

The financial institutions have become completely corrupted by greed and we need to stop this from ever occurring again by reigning them in.Disband the Sec, as well, it has failed to protect our system in any way and seems to be more a financial institution lobbyist group these days then anything else.

A residential mortgage is expressly exempted from SEC. A

In all reality, most of the so called deals are comming into the scrunity hairs of the SEC as if you form a business and get people to loan you money based upon what you can do to return their investment in XXX period of time this is considered a perspective and only family can do this without the proper paperwork.

Where as buzz or ring leaves the impression of “Just a quick contact, that'll just take a secâ€