Private lenders play a crucial role in providing financing options for real estate investors. However, there are widespread myths and misconceptions regarding the licensing regulations for private lenders, particularly in Business Purpose Lending (BPL) secured by residential real estate.

Key points from the text include:
– Private lenders are essential for real estate investors seeking alternative financing options
– Misconceptions exist regarding licensing requirements for private lenders in BPL
– Several states in the US mandate a license for private lending activities in certain situations
– Understanding the specific licensing rules is crucial for private lenders to operate legally and effectively in the real estate market.

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