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All Forum Posts by: Heidi Backer

Heidi Backer has started 5 posts and replied 21 times.

Creative Real Estate Financing

Post: Personal loan to purchase real estate

Heidi BackerPosted
  • Saint Paul, MN
  • Posts 23
  • Votes 24

@Casey Mericle  I have been applying for hard money or private funding and I have noticed that some lenders ask for the LLC or business entity...is there a reason why some lenders only lend to Partnerships, LLCs, etc. versus individuals. If you create an LLC to buy and sell real estate can you take out business loans to purchase the property (and is there an advantage to this)? I am trying to learn more about this, but at this point I know very little. 

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