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Updated over 8 years ago,

User Stats

264
Posts
104
Votes
Jim Sestito
  • Investor
  • Cambridge, MA
104
Votes |
264
Posts

Hard Money Lender says I need an LLC

Jim Sestito
  • Investor
  • Cambridge, MA
Posted

Hi Guys,

I have a property I am trying to acquire through a hard money loan.

The company - who I got off the biggerpockets hard money link RCN Capital - was very helpful but did mention I would need an LLC in place in order for them to rent to me.

Is this the norm as far as hard money goes? And I will search the BP forums for info on setting an LLC but does anyone have a quick and dirty rundown for Massachusetts?

Thank you

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