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Updated almost 7 years ago on . Most recent reply
Do you have to have an LLC to use hard money?
Just spoke to a hard money lender. Among the documents he needs to vet my eligibility, he needs to see that I have a LLC because they will not lend to me personally. Is this typical?
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Jay Hinrichs
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Jay Hinrichs
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Originally posted by @Erik Pfundstein:
This is interesting... so lets say you want to BRRR, and you use hard money for the intial buy and you place it into the LLC - when you do the refinance, will it be difficult to find conventional financing because lending companies wont lend to LLCs?
Very common in the stacking order of the refi is a deed from your LLC to your personal name.. happens every day
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