Could an LLC become a Private Money Lender?
Hello all!
We love this site and have found a ton of valuable information on here. Without providing any legal advice, does anybody know if an LLC/LLP (in theory) can become a private money/hard money lender to those doing house flipping? We have a group of folks who are planning to pool money together and form an LLC or LLP which will invest in real estate and were curious if this is an option for us. Thanks for the help!
-John