Updated over 6 years ago on . Most recent reply
LLC Mandatory for all Private/Hard Money Lenders in NM?
Hello! We are brand new to REI and looking into lending options (private money/hard money, etc.) to begin purchasing, rehabbing & selling SFR's in this area (ABQ/RR). A local lender emailed us in response to our inquiry and indicated that private money lenders do not lend to individuals, only an LLC.
Is this true across the board? I am a general contractor with a sole proprietorship and plan to do all the work myself.
Thank you in advance for any information!