Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

13
Posts
3
Votes

Can my trust issue public mortgages?

Posted

If you see below, I got good info on my initial question. Now I have a followup. 

Can I use my revocable trust to issue public mortgages? I see many who can't qualify so can a hard money interest-only mortgage loan be issued from a revocable trust? I would probably need a license for it I'm sure, right? Is it worth looking into or is it a major regulation nightmare?

Would the borrower be able to write off the interest on their taxes? 

Thanks in advance.

Hello, I am taking a shot here, I can't find this online 

If I have a funded revocable trust, can I use it to issue hard money loans for real estate publicly? If so how does it work? Is it legal and are there tax benefits/risks? 

thanks for any guidance

Most Popular Reply

User Stats

118
Posts
61
Votes
David C.
  • Lender
  • Los Angeles, CA
61
Votes |
118
Posts
David C.
  • Lender
  • Los Angeles, CA
Replied

@Martin A Phillips

If you have loan servicing they will to the tax statements for both lender and borrower.

If not, it's my understanding borrower is required to 1099 you as lender, unless you are a corp.  I'm not a tax person.

Loading replies...