LLC and Hard Money Loans
QUESTION: I keep hearing about using hard money to help fund projects when you aren't able to get a conventional loan. Looking into it, I see most hard money lenders will only lend to LLC's or other corporations, and not to individuals. Is it possible to get a hard money loan as an individual? Would it be better to get private money, or is that the same thing? Would it be reasonable to start an LLC before making your first deal? Anyone with some knowledge in this area would be greatly appreciated!