So, while it may be legal in most states for you to lend the LLC funds if it is structured as an actual loan, in writing with specific interest and payment schedules, just like a bank loan, it would have no tax advantage.If it's a stock corporation, then yes you can.This would be entered in QB like any other interest loan.Feel free to reach out with any further questions.

It explicitly stated that the guarantor would be non-recourse to the loan, "except for standard Freddie Mac recourse carve-outs."

I do have to pay state and federal taxes. 

We are working on one now in the tri-state area at 70% loan to value with strong credit.  

I got my real estate license per my state's requirement to do notes.       

I was wondering if anyone here has managed to do a new construction BRRRR in the more expensive states.

Normally, the cap on seller concessions is 6% of the sale price, but that’s not the case for commercial loans.Here are the trade-offs:5-year stepped prepayment: A typical residential loan at this price point isn’t allowed in the state, but with commercial, those rules are different.20-year amortization: This means higher payments, but it forced me to ensure my deal works under strict terms.Interest rate: It came in at 7.9%, not stellar but still good.Overall, I’m pretty proud of this deal.

I know in my state, we have to accept cash payments.

Both ND and SD are in the handful of states, like CA, that require a license for all RE loans.

My next meetup is on 4/17 at the Bay State Brewery in Worcester from 6:30 to 9 pm.