Do i have to have an llc in order to get a hard money or private money lender to fund a deal?
No. All my properties and loans have been in my name.
The reason for using an Entity for most transactions is that this helps to separate the State and/or Federal Lending Laws that require licensing of transactions that are 1-4 units and that are owner occupied. Some laws (Florida Law) also provide definitions of lenders, brokers, and others involved in the lending business, of which they may require a license for any type of loan, including commercial, which is made to a “person” and not an “entity”. Checking with a lender during your loan request will be something I would suggest as you may continue to purchase property and receive funding without making any changes that will require making a financial investment to complete. Good Luck!