I know some prefer to IRA their lending club, but as of now I have it as taxable. I'd like to have to where it generates at least a few hundred a month in extra passive income. So I suppose something along your number is what I'm aiming for.

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Posted by bayoubengals88

Member since Sep 2007

19264 posts

Posted on 4/29/15 at 5:04 pm to Teddy Ruxpin

At that point you'd be managing 2,000 loans.
Would it be a tax nightmare?

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