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Questions tagged [private-lending]

For questions related to private lending between individuals that (usually) does not pass through a third party, e.g. a bank or other financial institution.

3
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5answers
532 views

What should I do when my friend doesn't pay back a loan I gave him? [closed]

I lent money to my friend for his wedding through my credit card. It was around $5,000. He said that he would pay me back within 1 month. It has been almost 5 months. Every time on his salary date I ...
3
votes
1answer
315 views

Someone gave my sister a bad cheque, what should she do?

My sister's ex-boyfriend convinced her to lend money to him so that he can lend it to some unidentified person. She lent him $25 000, and her ex probably lent $63 000 of his own money to this ...
1
vote
0answers
63 views

Lending club investments through a numbered company for favorable tax?

I'm part of a lending club in Canada that has just allowed corporate lending. My marginal tax bracket in Canada is 26%, so I'm trying to figure out if there is an advantage to lending through a ...
-4
votes
1answer
75 views

Raising Capital Via CryptoCurrency [closed]

Situation: I have an existing small business that is healthy and cash flow positive. I want to grow the business by taking on investors. What I want to do is offer a cryptocurrency coin to investors ...
1
vote
1answer
220 views

Borrowed money from a friend to pay College fee - Implications of not paying

My wife is a US Citizen. She borrowed money from a friend to pay for her college. She is unable to repay on time. She needs a bit more time, but unfortunately the lender is not ready to wait. He ...
0
votes
0answers
117 views

Legally lend money to a friend. both parties have work visa in USA

My friend and I are on H1B work visa in USA. My friend's spouse is on dependent H4 visa. What is a legal way to lend the friend money for spouses's education expense? Estimated amount: 7k$ every 6 ...
5
votes
4answers
3k views

Am I paying too much in mortgage interest?

Hi there all you smart people. I am looking for a hand on a mortgage I currently hold. I will give a little back story to hopefully let you see where I am coming from. I have a summer home (the only ...
0
votes
1answer
175 views

Money transfer as a loan for educational purpose

I live in the US. A friend in another country (Caribbeans) is in need of cash $15000 for educational purposes. How would one transfer money properly? I suppose it is possible for me to transfer the ...
0
votes
0answers
35 views

Canadian Lending Guidelines

What are Canada's lending guidelines for conventional, private, portfolio and hard money real estate and commercial lending, and are there stringent income (or loan to value) requirements for these ...
3
votes
1answer
93 views

Use of Self Directed IRA for Lending Second Mortgage

Here's the scenario: Let's say that I have someone who wants to borrow money from me to buy or rehab a house (i.e. secured loan), but I do not have enough money in my personal savings or self directed ...
1
vote
1answer
517 views

Borrowing from your parents on a mortgage, with money they borrow from a bank

Disclaimer: we know this is financially stupid, but this is my wife's health we are talking about. Yes we know we didn't make the most financially smart decisions Situation: We bought an house in ...
15
votes
1answer
3k views

What does it mean if a lender asks for a “title” from your purchase?

My boss at my company has agreed to lend me money to buy a car to use for work, where I would pay him monthly for a couple of months until it is paid off. Upon giving me the money, he asked me to ...
-2
votes
2answers
201 views

Can I legally lend someone money on this condition? [closed]

I want daily interest, first day 1 cent and every other day double before one. first day 1 cent, second day 2 cent, third day 4 cent, forth day 8 cent ect.
40
votes
7answers
4k views

Friends come with hat in hand, but I don't think it will help

I have two friends, a married couple with a ~1yr child. Shortly before they had the child, they moved in with his grandparents. The grandparents are apparently unwilling or unable to care to the child,...
7
votes
2answers
10k views

What are the procedures or forms for a private loan with the sale of a vehicle?

I'm doing something that I don't normally do: Mix friendship with business. I'm purchasing a vehicle from a friend but can not pay the full amount. We've agreed to have me put a down-payment for the ...
8
votes
2answers
8k views

How do I arrange a private mortgage between myself and a trusted individual?

I live in the UK. Specifically, how do I draft a loan agreement that provides basic safeguards for borrower and lender (very basic safeguards, as we're talking about an intra-family loan and the level ...