All Forum Posts by: Account Closed

@Wayne Brooks thanks

@David M. Thanks, that makes a lot of sense especially due to the fact that I am managing the property myself. And to answer your question about taxes, i want to build business credit and it's my understandings that in order to do that the LLC needs to be able to prove that it is generating income. My post didn't concern tax saving strategies. Thanks again

@CJ M. Thanks.

I will be BRRRR a property soon. When I refinance I plan to add a co borrower to the loan because my DTI ratio is too high to qualify on my own. My question is how can I remove the co borrower from the loan in the future (the person does not wish to remain on the loan for the full 30 year period, they just agreed to be a co borrower to help me get around my DTI issue). Thanks

I just registered my LLC and i want the income/cash flow that's generated from my existing rental property to count as income to the LLC instead of myself. Should I possibly have the tenant deposit rent payments into the bank account of the LLC? If I do this will I run into any problems taking money out of the LLCs account to pay the the rental property's mortgage? I'm trying to create a trail which shows that the LLC is generating income in attempts to qualify for business credit to fund my future deals. Thanks

@Sergio B. Thanks Sergio

@Josh Bakhshi makes a lot of sense thanks

@Tim Herman thanks Tim. I’ve also used a city’s CAFR to help analyze market growth.

@Brian Gerlach thanks

@Louis D. Thanks. I wish you well on your hunt