Hard Money Question

[Jamie Stone]

Suppose I had to use a hard money lender for the rehab portion of the house I am looking at (I have the money for the purchase - depending on the price they accept). Do I need to form an LLC to receive a hard money loan, or will they lend to an individual?

Jamie

[Edward Zachary Samperio]

Hard money lenders typically lend to individuals and don't require the borrower to have an LLC. However, some hard money lenders may require the borrower to form an LLC for liability protection purposes. It's best to check with the specific hard money lender you are considering to see if they have any specific requirements or recommendations.