I would like to purchase properties under my LLC. How does a business go about getting pre approved for hard money to make deals and be able to purchase and close quickly? Can anyone recommend a hard money lender for this?
So how do people go to auctions and everything with borrowed cash at thier disposal? Usually those auction people want thier deposit and a certain percentage down almost immediately.
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The value of the collateral and LTV has more to do with Hard Money loan approval than the structure of your LLC.
If you can figure out how to get pre-approved with Hard Money for a unknown future deal, your crystal ball is better than mine.
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So how do people go to auctions and everything with borrowed cash at thier disposal? Usually those auction people want thier deposit and a certain percentage down almost immediately.