I have a small house in Coleman you could start with, if you want to contribute the rehab.

My goal is to earn $300,000 annually so I can give $100,000 or more to charitable endeavors.Why do you need an LLC for hard money loans?

I'm passionate about learning the ins and outs of the industry, and I'm eager to connect with others who share a similar drive.Whether it's sharing experiences, seeking advice, or exploring new opportunities, I'm here to grow and contribute to this vibrant community.

If you fit this category or the "tier 2" category ($500k-$650k), feel free to DM me and we can see if it'd be a good fit to work together and discuss the process.As a sneak peak, as I don't post or share numbers with non-signed clients, we tend to see 10-25% CoC returns depending on YOU: what you do or do not contribute and the finished product you choose to make ultimately. 

With high prices, you also get higher rents, and with low inventory, there is high demand for properties, even with some blemishes on it.A number of factors contribute to whether it is possible for you.  1) Location. 

•Are they typically given a percentage of the cash flow along with interest on their initial contribution?

From personal experience, private lenders usually will not partner with someone who is new.if they do, usually they will handle the renovation and split the deal, based on what your contribution is.

So this post is to be mainly geared toward to help set expectations for out-of-state investors, and I'm hoping for some solid contributions from people who are actively (or recently) involved in successful acquisition/disposition of smaller MF in the Charlotte MSA (broker, owner, lender.. etc). 

They are not as scary as some make them out to be, you just want to be certain that you can regularly contribute to the principal of the HELOC/home equity loan (on top of your monthly interest only payments), so you can pay the balance off within a reasonable amount of time. 

They should call more things loopholes... like the 401k loophole or the charitable donation loophole.Make us accountants sound like 007.