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Private Lending & Conventional Mortgage Advice

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Julian Buick
  • Bluffton SC
55
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199
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Is using a HELOC for private lending considered brokering?

Julian Buick
  • Bluffton SC
Posted May 21 2015, 10:33
If I take out a line of credit against my primary residence and lend it to someone for a fix and flip, is that considered brokering since I'm lending out someone else's money? If so, would a brokers license be required?

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