To get private money lenders, do I have to establish a real estate business first? Such as getting a website, business cards, business name, mission statement etc? I would like to do this part-time to meet my personal...
Since I get these questions a lot - I thought going out to the BP community to see what they think might be educational.As a private lender, I've discovered the term is very ambiguous and vague to borrowers. There are...
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
Navigating Opportunities: Starting Your Own Private Money Brokerage for Real Estate Investors
Introduction:
In the dynamic world of real estate investing, access to capital plays a crucial role in turning opportunit...
Hi, I'm new to bigger pockets I'm interested in different areas to earn passive income. I was approached by a friend who currently has 4 rental properties and is looking for a fifth however his debt to income ratio is...
Im have started my private/hard money lending business and looking to have money partners to grow my business since I have ran out of my private money. I have done several projects now and really streamline my busines...
Found a great article detailing the pros and cons of both Hard Money and Private Equity. Enjoy!
http://www.finweb.com/loans/hard-money-vs-private-money-in-real-estate-investment.html#axzz3375gYG6A
I have an LLC formed for asset protection. I am leveraging my business off of private loans from a third party. I have made a commitment to these private lenders that if the business defaults on a property, or does no...
Is there a difference between the two?
If the loan terms were the same, would you be more likely to work with a private lender or a hard money lender?
Hard money lenders use private money, so to my mind they are the...
I'm looking for strategies on freeing up some capital on free and clear properties. I have 3 SFR,s and one duplex that are free and clear. I also have two duplexes that I took a mortgage on with 80% of purchase price...