Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Using Hard Money to Buy Auction and REO properties
I would like to bid on properties at auction. How can I use hard money to do this?
One lender that I prequalifed with allows you to buy in a business name only, e.g, LLC. Some REOs only allow you to buy in a personal name, not business name. The lender says it has to be business name at closing. Can I do a transfer from personal to LLC before closing to accomplish this.