Entity needed for a hard money lender

[Courtney M.]

I am in the process of funding a deal with a hard money lender. The hard money lender informed me that I need  to set up an entity it were to work with them. I've never worked with a  hard money lender nor do I have an entity set up, so I was surprised to hear about this arrangement. For someone who has never set up an entity before, what would you recommend?

[Odie Ayaga]

The majority of hard money lenders do require an entity to lend to and yes it is related to lending laws. There are some lenders nowadays that will lend to non-entities. If you're going to really get into flipping though I would advise you to talk to an attorney and get an entity created.