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Updated 12 months ago, 12/27/2023

User Stats

55
Posts
14
Votes
Tony Zhang
14
Votes |
55
Posts

How to fund local property from auction.com? Hard Money Lender under personal name

Tony Zhang
Posted

Hello BP,

I've won a buy and rehab property in my local market from auction.com, and I want to use a Hard money loan for this quick fix and flip to sell it for profit, but many of the lenders I talk to only lend money to LLC. Currently, I don't have an LLC in my state, and it will take at least two weeks to get it filed, and the seller isn't willing to wait for me to get the LLC filed. Does anyone know if there are any lenders available to lend the loan under a personal name? Or is there any another suggestion I can go with?

Thank you.

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