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Updated almost 7 years ago on . Most recent reply

User Stats

297
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25
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Gilbert Ross Jr
  • Residential Real Estate Broker
  • East Orange, NJ
25
Votes |
297
Posts

Hard Money Lenders and Private Money Lenders

Gilbert Ross Jr
  • Residential Real Estate Broker
  • East Orange, NJ
Posted

What type of credentials do lenders look for? I have a LLC that I created recently and would like to borrow money to do deals. It would be my first time borrowing money through my company. I was someone who was hit by the recession with my personal credit. I am looking to see if I have a chance to get a loan for my real estate business. Any feedback would be appreciated.

Most Popular Reply

User Stats

862
Posts
438
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Darren Eady
  • Rental Property Investor
  • Lindon, UT
438
Votes |
862
Posts
Darren Eady
  • Rental Property Investor
  • Lindon, UT
Replied

Many lenders, like me, only lend to entities, like an LLC or self-directed IRA, on investment real estate. If you've already created an LLC for this purpose, you are already one step ahead of other investors!

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