All Forum Posts by: Courtney Nguyen

@Riaz Gillani @Caroline Gerardo Thanks!

@Paul Defngin  @Ned Carey yes, I will check with an attorney too.  Thanks.

@Riaz Gillani sorry for the confusion.  But yes, I meant what's the lowest interest rate we can legally charge.

@Riaz Gillani no we want to charge lower interest rate to decrease the parent's LLC income (owned by non us residents who will have to pay 30% on interest income because their country does not have tax treaty with the us).

@Caroline Gerardo we are not taking a loan from bank. We will take this loan from the parent LLC. So just trying to see what is the legal interest rate we can set on the loan.

Hi BP community,

So I heard interest rate on private loan can only be 10% over Federal Reserve rate, is that true?

For example, as of now 3/20/2023 the Federal Reserve interest rate is 4.5% - 4.75%. Let say our holding LLC is borrowing money from the parent LLC to buy a house so we need to determine that interest rate for the loan. Looks like we can't just come up with any rate we want, but in this case it should only be between 4.95% - 5.225%, correct?

Thanks in advance for any tips/feedback.

@Keith A. I am seeing exact same thing in Northwest Houston too.

@Bill Gulley Mr Gulley.  I saw this post last night and have been trying to find the link but can't seem to find it.  Is it still out there?  Could you please tell me how/where to find it?  Thanks!

@Bruce Woodruff agree.  I just fired our commercial landscaper and will meet with 2 young guys (1 of them is my residential landscaper) tomorrow morning to get quotes for the retail strip I am managing.

@Kyle Mccaw 'it's getting hard just to have people show up', that's exactly what I just told my tenant lol.