All Forum Posts by: Filip Filmar

Just look at that water permit wait list: https://www.cambriacsd.org/fil...

Yeah it's been a while and I believe that yes, I understand how the machinery works now. In short, but I am not a lawyer, nor any sort of expert, just thinking aloud.

How to pull money out of an LLC? Make an owner draw, i.e. transfer from the LLC's account to your own, or write yourself a check. Make sure to never use LLC funds to pay for personal expenses. Keep your books neat.

How to put money into an LLC? Transfer the money into the LLCs account. As easy as that. Keep your books neat.

Do you need the bank accounts?  Yes, if not for operations, then certainly to prove that an LLC is indeed operated as an independent business, in case you get to a point where proving this may be important. Keep your books neat.

(Notice a pattern? :) )

HTH,
F

Thank you! Sorry for the very belated answer. I don't frequent BP, the time when I hung around on forums has long passed. We've learned a bit about building codes in the meantime.

Hello everyone.  Would you be able to recommend a builder that could advise my partner and myself about the options we have to develop a smallish piece of land in the Houston Metro area (Northline)?  We are trying to make sense of the building codes, and some help would be most appreciated.

Thanks, F!

Hello all.  This is not exactly answering the original question but is useful and kind of topical.

The book "Real Estate Investing Gone Bad" has about two dozen stories: https://www.audible.com/pd/Rea...

Thanks for the answers here! May I ask a followup, even if belated by a year or so: what if the corporate structure is a bit more involved: LLC A owns LLC B, and I'd like to fund LLC B. Can, or should I (personally) write a check directly to LLC B?

Sorry, no answer for you. I am looking for answers to exactly these questions, and found this post of yours on page 32 of my search.  Just wanted to say, you're not alone. :)

(Also, have you figured out the answers to your question in the meantime?)

Hi, folks, thanks to all who responded both here and via private messages!

Hello all!  My partner and I think we're ready to cross the bridge from residential to commercial real estate investing.  However our lender contacts do not do commercial real estate lending, so we're out looking for a commercial lender. 

Would someone with a background in commercial lending be willing to discuss options with us?  Thanks!

F

Thanks, all, for the advice.  I'm reaching out to multiple potential sources of info, and asking on this forum was one of them.