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How To Start A Hard Money Lending Business

Clint Coons Esq. | Real Estate Asset Protection 18 views

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Your giving me diarrhea
Comment from : @larryrobinson1399

I did this after watching your video- Titanium Client- and the closing attorney did not know how to file a UCC-1 to protect the loan from my WY to my Corp who in turn leant it to the borrower So how do we file the UCC-1?
Comment from : @caseykemp5954

What about collateralization on another property the borrower may have if I am in second lien position? Is that encouraged?
Comment from : @jamesfrazier4650

Not convinced a lender needs asset protection via LLCsbrbrHe's not selling a product, nor engaging in dangerous behavioir He's not a doctor, etc brbrJust seems like overkillbrbrPlease convince me to the other side of the argument!
Comment from : @oleopathic

Mr Coons, how many private lending money companies have you setup?brbrDo you provide loan doc drafting for deals?brbrThanks
Comment from : @oleopathic

How can a general partnership be setup such that one partner (of two) retains their qualification for medicaid as the general partnership earns a profit as interest on private money loans ?
Comment from : @oleopathic

👍
Comment from : @alexashworth3119

No one on YouTube has posted all the Wash dc or federal requirements or regulations for starting a lending business despite the many YouTube videos on the topic It would be very helpful to do so Many thanks!
Comment from : @organizer14

Please give Washington DC and US gov as example of gov regulations or registration requirements that must be complied with please
Comment from : @organizer14

Looking for capital!
Comment from : @robparisijr

Love the info!! Gonna file for my Wyoming LLC
Comment from : @jamesdupuis4140

Solid info
Comment from : @mandralliance

Great information! Question, what do I state the purpose of the Wyoming LLC as?
Comment from : @philippedros7752

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 : @marcelomancini3066

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 : @ImRAM428

Great Video !
Comment from : @renoloanprobycpc

The 2013 debeat which one should I obtain first?
Comment from : @presidualist4587

How do you raise money to start lending?
Comment from : @andres_does_rentals

Thank you for that message
Comment from : @abubakarkinene

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 : @zackdiaz6375

how much money would be needed to start such a business?
Comment from : @ShoreFC-s

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 : @bobd2960

This is fantstic! As always, thank you for great content
Comment from : @wr85487

Thank you for doing this! Also how to answer each question in the Application for new EIN from asset protection viewpoint
Comment from : @alliesteamc3546