It is a great resource for education and networking.There are any number of agents from the Cleveland area who are regular contributors to BP. 

You need to take into account your long term goals, your short term goals, your resources especially finances, and your risk tolerance. 

Hey community, I am exploring starting a hard money lending business and wanted to start a thread for all advice on the topic (including what not to do or tools not to use).  Does your state require licensing?  Did yo...

If you know why they don't want to lend you in the first place, then someone here might be able to point out to the best resource.

Any tips or advices would be greatly appreciate.

(usually without local managers that "eat" my income).PM if you would like to get some tips on Out of country investing I will be happy to contribute.

Following is a good resource on the rules. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactionsAnother option is to open a solo 401k if you are self-employed and then you can borrow $50,000 once you transfer the IRA to the solo 401k plan.

The compliance costs are more than just paying professional managers and may mean more larger, institutionalized ownership (with resources for a law firm to constantly fight and full time professional managers able to keep up with all the rules)... 

Currently, do not have much capital but willing to work and learn all tips of the trade to get started.

So being upfront is a good tip.