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Updated over 7 years ago on . Most recent reply

Gideon Blustein's profile image
Gideon Blustein's profile image
Gideon Blustein
  • Rental Property Investor
  • from Coal City, IL
  • Member since Aug 31, 2018

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56
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19
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Gideon Blustein's profile image
Gideon Blustein's profile image
Gideon Blustein
  • Rental Property Investor
  • from Coal City, IL
  • Member since Aug 31, 2018
Gideon Blustein
  • Rental Property Investor
  • Coal City, IL
19
Votes |
56
Posts
Private Lending & Conventional Mortgage Advice

LLC means I have to do commercial loans?

Gideon Blustein
  • Rental Property Investor
  • Coal City, IL
Posted
My lender is telling me that if I form an LLC I’ll need to do commercial loans. I’d prefer not to pay the higher fees but I want the protection of an LLC. What have others here done?
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012

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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,511
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Yep, no conventional loans, pick your poison.

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