Need a fix and flip loan under personal title

[Allen L.]

Hi guys,

I'm under contract on a great deal. Purchase price 44K, estimated rehab budget 40-50K, ARV 150-180K. However I've hit a wall on lending because I'm in the US on a work visa so I can't show self-employment income. If I create an LLC and take out a loan and rent it out afterward, the rental income would look like self-employment income and my immigration lawyer advised me against going the LLC route. So I'm looking for lenders that can lend fix and flip loan under personal title. I spoke to Lima One and they will only lend to LLCs. Wondering if you guys can recommend someone else that can do this?

[Wayne Brooks]

Okay, we'll Rental income is not "self employment" whether as an individual or thru an LLC....both are passive. The. LLC is a pass through entity for taxes.....it's like it doesn't exist.