My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

Myself being a GC, developer and construction consultant as my main business... the question of GC licensing has never been a factor in lending or in selling for me. 

So that was a low hurdle to improve on.

Rate will depend mainly on the structure I just went over, your FICO and the length of the prepayment penalty.

She is meeting on Wednesday to take the listing and find her a new home ( probably one of mine though LOL)    But that is what I see the main difference in wholesaling without a license and licensed agents who do it for a living. 

Once they realize the mistake they made they’re too embarrassed to acknowledge this openly so you mainly hear about the cheerful student  “success” stories which the next wave of naive victims rely on. 

I officially moved here years ago before investing but I’m wondering for my family whether it’s a good idea to have them invest in my markets here so if there are major tax/regulatory hurdles that would make this unreasonable.Thanks to all!

Very helpful, think this is a great outline of the main steps one needs to take for MTR or even STR conversion! 

Our lawyer wrote up the loan doc, they borrowed $60,000 to renovate 123 main st, I got first position lien on 123 main st, they paid $500/month interest and the $60,000 lump sum back after 12 months.

A minor hurdle for some, but a larger issue to some as well.With DSCR or private money lending, yes, you can still also vest in your individual names, but you will find many lenders will NOT allow it or will actually charge you higher rates to do so.