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Updated over 4 years ago,

User Stats

50
Posts
38
Votes
Cyle Harris
  • Flipper/Rehabber
  • Detroit, MI
38
Votes |
50
Posts

Using LLC to Finance Deals

Cyle Harris
  • Flipper/Rehabber
  • Detroit, MI
Posted

I financed my first fix and flip by taking out personal loans and using my own cash. Going forward, I'd like to begin using my LLC for financing deals (i.e. hard money loans, etc) to keep all of my personal and business expenses separate and to leverage some of the benefits of simply using an LLC.

Does anyone have any experience using their LLC to finance deals? If so, can you share details on how you got started and how you secured your first loan using your LLC?

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