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Updated about 1 year ago on . Most recent reply

Kelvin Ng's profile image
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Kelvin Ng
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Kelvin Ng
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Private Lending & Conventional Mortgage Advice

Private lending through LLC or Personal?

Kelvin Ng
Posted

Hey there everyone! I'm new to REI, and I'm looking to invest passively as a PML. I know LLCs are great to have for liability protections and all. But say there was a deal available and I don't have a passive LLC ready yet, is it fully necessary to have an LLC to lend?

Thanks in advance! 

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Chris Seveney
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@David M.

Depends on the state and if they can file for punitive damages. It’s very rare but remember anyone can sue for anything

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