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All Forum Posts by: Bobby Feinman

Bobby Feinman has started 19 posts and replied 211 times.

Private Lending & Conventional Mortgage Advice

Post: LLC and Hard Money Loans

Bobby Feinman
Posted
  • Lender
  • VA Beach, VA
  • Posts 285
  • Votes 82

Jacob

To add to what Matthew said, setting up an LLC is simple and NOT expensive at all. Private/Hard money lenders will typically only make loans to a business entity (LLC). They are referred to as Special Purpose Business Loans and they are made used for investor properties (fix and flip, new construction, rental, AirBnb) Hope that helps!

Bobby

0 Votes