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Updated over 1 year ago,

User Stats

70
Posts
21
Votes
Elizabeth Park
21
Votes |
70
Posts

Property in my name but hard money in LLC?

Elizabeth Park
Posted

I am buying a property under my name and planning to transfer to an LLC later but my hard money lender says I have to borrow under an LLC. I have not set one up yet for this property. I do have an LLC that is not associated with this property I am buying. What should I do? If they lend to an LLC but I am buying with my name, this transaction will still happen in purchasing a home?

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