What a great rate, almost free cash to use while your ETF portfolio keeps growing.

From a licensing point of view you will need two licenses, the MLO and a consumer lending license for the company.The exception to that rule is if you are financing a home that you actually lived in for two years or more and it was your declared primary residence on your income tax forms.Even with the licenses go a plethora of compliance issues from Red Flag to Debt Collection practices, and everything in between.

I bought it outright, financed the costs to fix it up but need to wait 6 months from the purchase date to get a mortgage on it to cover the fix-up financing (5% with mortgage vs. 12-19% consumer credit).

I recently shared about my first deal consisting of a rental unit that I have 13K in cash and about 12K in consumer debt (interest rate 12-14%) invested.

Sprayed roundup to kill all the weeds growing up.

It is simply growing.

Credit Unions are key for all states right now due to the banks due process turnover with consumer fees

(use the TILA - Truth In Lending Act) which shows you the APR for your loan, this is inclusive of fees and charges and is designed to provide the consumer with a comparison tool.

And convenient for me as a lender because if the borrower defaults, I can put insurance in the lender's entity name with one phone call or email.They occasionally have growing pains, but so far, they have solved any problems once I bring it to their attention.

Some lenders require the borrower closes in the name of an entity because it is much easier to show the loan was “business purpose” rather than a consumer loan, which makes all the difference in foreclosing, loan pricing, etc.