My understanding is profit from lending is considered "taxable income" and is therefore added to your income and subject to your normal tax rate after all deductions, etc.

He's got his money back already and the remaining amount due to him is only profits.

I would provide the capital and otherwise stay passive, but hopefully grab better profits than private lending?

June 27, 2024 at 4:21:30 PMSecured Note I 17°/o Interest I 12 Month Term My partners and I are raising $5 million of short-term expansion capital for the MoneY.Is Mastermind, our exciting and profitable growing business.We have roughly 1,900 paying members with a current valuation of $43 million.

I knew these units needed a renovation and I am excited to get them rehabbed and get more juice to squeeze from them.The one I am currently doing will profit me another 200-225/m moreThe one that is vacant the 31st of this month will profit 400-450/m more which is no small amount. 

What is the minimum amount of profitability acceptable at a $60 million loan volume4.

.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

To get things done as quick as possible , charging by the hour cost the contractor money , charging by the push/inch  is the most profitable way to do snow . 

But then again, no one ever went broke paying tax on profit. 

It's a long-term learning process, but an interesting and often profitable journey - best of luck to you!