Updated over 5 years ago on . Most recent reply
Private Money Lending Basics
I've done one private money loan. Looking to do more but I'm new to the game. When lending out of state, do we owe taxes to the state the borrower lives in?
Are people doing this under a business in order to utilize tax write offs, or personal (no tax benefit)?
If under a business, what are the logistics (structure etc.)? Pros and cons? Does government regulation become an issue?