David Marzullo
Typical Private Lending Rates?
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...
Alex Breshears
Clearing up something about private lending...
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...
Ashley Glinka
Vacancy, PM, CapEX-What to do with it?
Hi All,My husband and I recently purchased our first property, a duplex. We are in the middle of renovating it. My question is: Once we get through the BRRRR process and we begin putting money towards vacancy, repai...
John Jacobs
Private Money Lending--Requests Made by my Bank
Hello BP,
I have been a very active private money lender since 2014. I have a single member LLC (me as the sole member) that lends only to real estate investors. That is I do not lend to owner occupants. I only le...
Lalainya Rawlings
Moving capital/profit from private Investor to LLC
How is capital/profit moved to and from an investor to a business? Person X wants to invest in Flipping LLC. Can they simply wire 100k to the business account?Can the business account wire 110k to person X when the pr...
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Do I need a license to broker private/hard money loans?
I heard that there is no license needed to broker private/ hard money loans, Is there any truth to this? I know that you don't need one in the commercial sector. Is there one needed in the residential hard mney sec...
Alvin Pereira
Loaning Funds to Your Own Business
Hi my BP Family!
I've been wondering how I can go about loaning funds to my own company as an "investor" although I'm also the owner. Essentially, as an individual I go get a personal loan. I loan the money out to m...
Mary Jay
Which forms to fill out for the New Corporate Transparency Act (Fincen)
Did you guys figure out which forms to fill out for the New Corporate Transparency Act (Fincen)?
https://www.fincen.gov/resources/filing-information
I went onto the Fincen website and there are a bunch of forms......
Wanda Stith
Using your home as collateral for a hard money loan
We reside in PA. and my husband and I wanted to know if we could use 1 of our homes as collateral for a hard money loan.
Karen King
I feel like a total idiot! S.Corp set up by Guru company :( 2600$
I am new to bigger pockets, been listening to the podcast for last few months. I just went through forums on LLC and I feel like a total idiot. Here it goes. My husband and I attended a Guru investing tax lien semin...