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Updated over 4 years ago,

User Stats

16
Posts
4
Votes
Paul Schaefer
Pro Member
  • Memphis, TN
4
Votes |
16
Posts

Can a non LLC qualify for hard money?

Paul Schaefer
Pro Member
  • Memphis, TN
Posted

Can people using their own names instead of an LLC to qualify for a hard money loan, or do you have to have an LLC to get hard money?

I am still very new & learning many new things. One of the things I constantly see is that "cash buyers" tend to have a leg up on buying homes since they can close quicker & in some cases may get a lower offer. I have also started to browse through the hard money lenders here on BP, & from what i have seen so far, all of them have required an LLC to be able to qualify. Am I limited to more traditional bank financing until I start an LLC?

  • Paul Schaefer
  • Loading replies...