Updated about 3 years ago on . Most recent reply
LLC for Private Lending
Hello, I am looking to network with private lenders to generate money for down payments for 8-20 unit multifamily flips. This is my first time getting funds from private lenders, so I am looking for guidance on what I need to know. Is my first step create an LLC? Find the private lenders first and talk terms before establishing an LLC? Should I get a lawyer to overlook transactions? Thanks!
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
No need to wait to engage with private lenders to first create an LLC, don't let that delay you. These days, its pretty cheap and easy to create a standard LLC with very limited lawyer costs (if any)