I have money that i want to lend to my customer's and to others through a corporation that I form.

Sergio
Other/Just Looking
California

I have money that i want to lend to my customer's and to others through a corporation that I form. I dont have any brokerage licenses and I don't know where to begin. This money is my money that I want to lend and does not belong to anyone else. I am worried about committing some federal crime. Any suggestions or advise? And yes, I will be speaking with an attny about this -- sometime soon, I hope.

Answers (15)
27angela
Home Buyer
Antioch, CA

Hi,

I currently looking for money to buy a home. I have been looking for the right private/hard money loan for a year now. If you or anyone has a loan to offer me that would be wonderful. I have excellent rental history over 18 years on job good income. Just don't have much money to put into the deal but have found alot of properties with alot of equity in them. Need a little work but I know an appraiser who has looked up all values carefully. I just need someone to give us a break and take the time to help us.
Thank you for your time.

Angela
27angela@comcast.net
email me and I can give you all my information and contact number to talk to me.

Sat Oct 3 2009, 20:12
Tito
Home Buyer
Tracy, CA

hello
i would like to purchase home in Tracy, here are particulars..i have guaranteed income s.s monthly and consulting fees
i need someone to qualify for loan and put downpayment,,i will make monthly payments and live in home.
the home i am looking @ is 432,000 however in todays market can get for around 370 -390,000. i would give you either 20% ownership in home and when sold would get 20% of profits approx3-5 yrs. Or if you do not want ownership, i can get a 2nd and pay back in 3 -5 yrs.
please let me know if you are interested. this is a good investment/return on your investment

Thu Oct 1 2009, 00:12
Michelle
Other/Just Looking
Indiahoma, OK

Hi,
I feel That The almighty has send a angel for me.
I need Loan of 2.5lac if you could help me fot that.
Iam agreeing to pay 3-4% interest as well.
And would even promise to pay back the entire amount to you withinterest.
Please help me my friend .
Iam Michelle u can call me on 9920988065
Thanking you,
With Regards,
Michelle

Sat Sep 26 2009, 03:06
Michelle
Other/Just Looking
Indiahoma, OK

Hi,
I feel That The almighty has send a angel for me.
I need Loan of 2.5lac if you could help me fot that.
Iam agreeing to pay 3-4% interest as well.
And would even promise to pay back the entire amount to you withinterest.
Please help me my friend .
Iam Michelle u can call me on 9920988065
Thanking you,
With Regards,
Michelle

Sat Sep 26 2009, 03:06
Sun Queen
Real Estate Pro
Bridgeport, CT

I need a loan my contact information is crjackon1972@optonline.net. Amount needed is $1 M USD. for a period of 3 months.

Mon Sep 14 2009, 16:13
New Orleans Reb...
Both Buyer and Seller
Washington, DC

Sergio-I am interested in obtaining funding for a few rehab projects in the New Orleans area. I looking to purchase and renovate rental properties in New Orleans. I have several that I have all ready identified. Also, I know that renting them to the public would not be a problem. Also, the post-rehab value of the property would secure the loan, as well as the amount of income that would be generated with the collection of rent would secure payments. Also, I am looking to set-up a hard money brokerage in which I would be looking for individuals like your self to back my deals. Once I have all the information togething I will contact you. Please send me an email if you are interested.

Fri Sep 4 2009, 10:41
Optimistic
Other/Just Looking
Livermore, CA

Take a look at this service: http://www.virginmoneyus.com/PersonalLoans/tabid/54/Default.aspx

It will certainly accomplish what you are trying to do without the worry of legal issues or the IRS. It assists in structuring your person-to-person loans while collecting a profit/interest.

If you are interested in social lending, please email me: inlivermore@sbcglobal.net. I'm interested in borrowing.

My best to you!

Thu Jul 9 2009, 12:24
Sandor
Real Estate Pro
Union City, CA

I am currently looking for private lenders and to fund my RE transactions. I lend my own funds and can help answer specific questions you may have. If you have enough cash to fund multiple deals, I would be willing to give you a bigger piece of the deal.

Email me and we can talk more in detail.

Sandor
sandor@sandollarllc.com

Mon May 25 2009, 21:34
Celine Fang
Real Estate Pro
New Orleans, LA

I am interesting in finding financing for a few projects. Please send details if you lend in Louisiana and California.

Thanks,

Celine
504-723-9269
celine@imminest.com

Sat May 23 2009, 23:18
Tim Totah
Agent
Pleasanton, CA

Hello Sergio,

I am looking for lending, if you can provide. We have a few different options. When you are ready, please contact me to see if what we have would suit your needs.

Thank you,
Tim Totah

Tue Apr 28 2009, 17:09
Grace H. Morioka
Agent
Cupertino, CA

Hello Sergio:

Believe it or not, there are many corporations already in existence that do preciously what you are suggesting, so you do not have to "reinvent the wheel" in setting up a corporation or in creating mortgage and loan documents that must meet any applicable sections of the Truth in Lending laws and disclosure requirements. These corporations are licensed and have licensed brokers to transact business in California, so the investors do not need individual licenses.

Private money lenders or "portfolio lenders" have been around for decades, and many pay excellent returns on your investment while handling all of the loan qualification, servicing and maintenance responsibilities--in other words, these companies will find you a qualified buyer, put together all of the documents, have them sign it, ensure that you are properly protected through title so that you own the home, and then collect payments for you and give you the money after servicing fees. In most cases, private money (sometimes called "hard money") loans are for short term loans for fixed periods such as one, three and five year terms and are intended to help get people into a home and then afford them time to wait to refinance the property.

A typical private money lender has between $500,000 to $1 million in cash to lend or must be willing to "pool" their funds with the funds of others to make a loan, in which case the mortgage broker may insist that the private money investors become part of a corporation to pool funds for loans.

For more information about private money lending, speak with a qualified mortgage professional as they know the local firms in the area that will do this type of business. Also, if you are in Northern California, Stonecrest Investors also handles a lot of private money loans.

Good luck!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty

Tue Apr 28 2009, 15:35
Javid A. Poorna...
Agent
Mountain House, CA

Sergio, contact me. I have clients who are looking for exactly what you have to offer. We can build a big team.

Tue Apr 28 2009, 15:07
James R. Breslin
Other/Just Looking
47150

You do not describe exactly what type of lending you wish to do, i. e. mortgages, personal, open lines, short or long term or any of the numerous other methods of structuring a financial transaction. Having said that,
there is no problem using your funds to capitalize/loan to a Corporation and then lend the money-as long as you do not violate any laws or regulations at Federal, State and Local levels. Your attorney will cover that as well as collateral and security (ucc,etc.). You need to be careful how you select form, i.e. LLC, C-Corporation, S-Corporation, Partnership, etc. due to Tax benefits/consequences as well as legal ramificatons. Depending upon how you wish to transact business you may need to acquire a broker's license, as many states are requiring them after the latest fiascos becoming foreclosures due to broker deception. Being a financial consultant for 25+ years (CPA 1984-2004 & Law School dropout) I admire your intentions but must always play devil's advocate in order to meet compliance at all levels and try to determine the problems before they occur, including financial, legal and tax. Having been through these cycles before helps provide a different perspective than the new age "consultants". Should you wish to discuss this further, I have numerous clients who would be very interested and well qualified (myself included), both from an investment point of view and mortgages or other financing. In fact, I am working on starting a fund just for mortgage issues due to the failure of the "Bailout". THANKS, JIM BRESLIN HOME/WORK 812-981-3561, CELL 812-987-8443, FAX 812-981-3997, EMAIL MOTU6969@SBCGLOBAL.NET

Tue Jan 6 2009, 07:30
Lori Lewis
Mortgage Broker
or Lender

Bethlehem, PA

If you are a private lender, lending your own money, you can pretty much do whatever you want to do and what the folks borrowering it will agree to.

There is a big demand for private -short term loans. I have run into it several times.

Check out http://www.gobignetwork.com

Web Reference: http://www.myallied.net
Mon Jan 5 2009, 07:03
Lynn911.com Dal...
Agent
Dallas, TX
FIRST ANSWER

You can lend money to anyone just as long within a particular interest rate per laws of that state. Confer with real estate attorney who can assist you, matter of promoting you trade to families searching for your services. You would need have a formal contract between you and borrower attorney can publish agreement benefit for all parties. Keep in mind if bank wont lend money to a person they have reason how wonderful for you offer these services.

Web Reference: http://www.lynn911.com
Sun Jan 4 2009, 08:39

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