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Updated over 5 years ago on . Most recent reply

Berron J.'s profile image
Berron J.'s profile image
Berron J.
  • Member since Jul 19, 2019

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Berron J.'s profile image
Berron J.'s profile image
Berron J.
  • Member since Jul 19, 2019
Berron J.
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16
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Mortgage Brokers & Lenders

Hard Money lender and LLC

Berron J.
Posted

Will I need a LLC in order to utilized a Hard Money Lender?

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Mikael Winkler's profile image
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Mikael Winkler
  • Rental Property Investor
  • from Columbus, OH
  • Member since Oct 29, 2015

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Mikael Winkler's profile image
Mikael Winkler's profile image
Mikael Winkler
  • Rental Property Investor
  • from Columbus, OH
  • Member since Oct 29, 2015
Mikael Winkler
  • Rental Property Investor
  • Columbus, OH
258
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Mikael Winkler
  • Rental Property Investor
  • Columbus, OH
Replied

@Berron J.

Yeah, I agree with the above sentiments. I'm in Ohio, and the HML I'm working with does require to fund through an LLC, but each company is different. I would recommend an LLC just in general, though. My personal opinion, it's best to separate assets from personal. You can set one up yourself for pretty cheaply online, or spend a few extra dollars to have an attorney do it.

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