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Updated over 4 years ago on . Most recent reply
Hard Money asking for Loan to be in an LLC
A Hard Money Lender is asking for:
a new investor to put the title in an LLC
and says it will take 3-4 days once they receive the Appraisal back.
For the HMLs on here and those who've used HM, have you experienced this? Any guidance or feedback is appreciated.
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Most require title be in an llc since they can not legally lend yo an owner occupant...an llc prevents the possibility of this.