How To Start A Hard Money Lending Business

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Information How To Start A Hard Money Lending Business

Title	:	How To Start A Hard Money Lending Business
Lasting	:	9.01
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Views	:	7,2 rb

Solid info
Comment from : Michael Robles

Great information! Question, what do I state the purpose of the Wyoming LLC as?
Comment from : Philip Pedros

Clint, thanks for creating such a great step-by-step guide This is fantastic I do have one doubt and wanted to make sure I understood this correctly Let's say the lending biz is a Florida LLC, (could be Sole or multimember LLC) and taxed as a c corp Since we are lending it would make sense to show who the members are just like you said in the video and we would get paid as employees via W2 (saw it in another video) For the WY LLC, it would be member or mgr-managed since it does not matter and we would use the UCC1 with the lending biz in FL Would you set it up as a disregarded entity for taxation or partnership (K1)?
Comment from : Marcelo Mancini

Thanks for the info, Clint Wondering if going through all these entity steps is feasible for someone just getting started with 10k? I’m in Cali and have an opportunity in Memphis
Comment from : R M

Great Video !
Comment from : Reno Loan Pro Powered by Clear Point Capital LLC

The 2013 debeat which one should I obtain first?
Comment from : Presidualist

How do you raise money to start lending?
Comment from : Andres Triveno

Thank you for that message
Comment from : ABUBAKAR KIWANUKA KINENE

This is very interesting! I'm your client at Anderson Do you suggest UCC1 from Wyoming holding LLC or create disregard LLC in the states I'm lending and the create UCC1 to S or C Corp? Since, in order file claim in case of lawsuit to S or C Corp, you have to register in the state your are doing business?
Comment from : buzybill

Very interesting
Comment from : Zack Diaz

how much money would be needed to start such a business?
Comment from : Shore FC - 2010s

Clint, Great video as always Would you be able to do another video on how hard money lending would be affected by the Dodd/Frank bill?
Comment from : Bob D

You are killing it with all these creative strategies So Wyoming LLC will have its bank account, the Biz LLC will have its own bank account that will accept the loan deposit Both entities taxed as S or C Corp The UCC is filed as encumbrance to inflows coming into the Business LLC in the amounts of loan made (1) So physically what paper trail do you need to keep for the loans? (2) where would you make the physical filing of that UCC? and (3) Do u file a UCC each time you make a loan to the Business LLC in the loan amount?
Comment from : Ayo A

This is fantstic! As always, thank you for great content
Comment from : WRC

Thank you for doing this! Also how to answer each question in the Application for new EIN from asset protection viewpoint
Comment from : allies Team C