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Updated about 9 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Elgin, Illinois
  • Member since Dec 21, 2015
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Elgin, Illinois
  • Member since Dec 21, 2015
Connect
Account Closed
  • Real Estate Investor
  • Elgin, IL
4
Votes |
9
Posts
Rehabbing & House Flipping

Could an LLC become a Private Money Lender?

Account Closed
  • Real Estate Investor
  • Elgin, IL
Posted

Hello all!

We love this site and have found a ton of valuable information on here. Without providing any legal advice, does anybody know if an LLC/LLP (in theory) can become a private money/hard money lender to those doing house flipping? We have a group of folks who are planning to pool money together and form an LLC or LLP which will invest in real estate and were curious if this is an option for us. Thanks for the help!

-John

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