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Updated over 2 years ago on . Most recent reply

Joseph Taylor's profile image
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Joseph Taylor
  • Member since Feb 28, 2023

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Joseph Taylor's profile image
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Joseph Taylor
  • Member since Feb 28, 2023
Joseph Taylor
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8
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Private Lending & Conventional Mortgage Advice

LLC for Hard Money

Joseph Taylor
Posted

Hey everyone.  I’m looking at purchasing my first property.  I may have to purchase this with hard money.  

It will be a single family home or a 4 or less unit property. The hard money lender is requiring me to start a LLC in order to obtain the funds.

What is the best LLC to start for this purpose?

Thanks in advance!

Joseph

 

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Alex Bekeza
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  • from Los Angeles, CA
  • Member since Mar 7, 2018

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Alex Bekeza
  • Lender
  • from Los Angeles, CA
  • Member since Mar 7, 2018
Alex Bekeza
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  • Los Angeles, CA
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Alex Bekeza
  • Lender
  • Los Angeles, CA
Replied

@Joseph Taylor RocketLawyer or Legalzoom both make it fairly cheap and easy to have a real estate holding LLC set up within a couple business days. You just need to make sure it's a single purpose LLC (real estate investing only).

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