I have been out of the game for some time and am now just jumping back in so I can't provide current numbers.

The IRS establishes the minimum interest rates, which vary depending on the size and the term of the loan.

I usually don't establish an entity until my offer to bank is accepted.

Just get a $1mm umbrella liability insurance policy for a couple hundred bucks a year, and you should be fine at this stage of the game.

The object of the game being: how much marketing value can I create in as few letters or syllables as possible.

I like your instinct to not "believe" his statement.I'd seek the opinion of an independent commercial broker, and an independent residential broker, that don't have any potential vested interests in the game.

Dude, 17%/$40k - I need to get me into the hard money-lending game!

As we have mentioned in past posts, we are seeing well established people choosing to rent instead of buying.

I do have an established HELOC 0.00 balance 2nd on the rental.

And that is what I was addressing, the skatters, those acting in a brokerage capacity and passing themselves off a an established HML.