
19 June 2019 | 10 replies
My closing cost is usually $500 for my attorney, $100 for title insurance, $26 recording fee, and any prepaid taxes paid by the seller.

5 June 2019 | 2 replies
Or your bookkeeper can do a journal entry to credit expenses and debit owner contributions if you want to leave it in the LLC as owner equity.

7 June 2019 | 12 replies
I agree with @Jacob Sampson and @George W. start by building your credit, pay off debit, save money, act your wage, etc.

7 June 2019 | 3 replies
In the cash world, meaning non-retirement but in an LLC, we have two different entities - one that we'll call RSP is the 3 of us each being 33.3% owners and the other our LLC, RSP, being a 50% owner and a Private Investor being the other 50%.We keep a separate checkbook for each of these, and each of those has a debit card for that account so all supplies can be billed to the properer account and we dont have to deal with one account reimbursing the other.

11 June 2019 | 20 replies
The system that we use requires a debit/credit card, a picture of the front and back of their license and answering some pre-qual questions.

13 June 2019 | 20 replies
@Lorraine Patterson I typically see investors bring 20% down, around 2k for closing costs and 3k for prepaid and taxes.. this is for a property that's around 70k.

17 May 2020 | 10 replies
I'm basically looking for a site that I could direct my tenants to and they can use their debit card to pay rent.

28 June 2019 | 5 replies
"Last month" is not allowed as that's prepaid rent.https://www.nytimes.com/2019/06/21/nyregion/rent-laws-new-york.html

28 June 2019 | 5 replies
Tips:- Use either FHA or FHA 203K loan - Negotiate full seller assist (6% of purchase price)- Buy a property with tenants in place, close on the 1st/ 2nd of the month (You’ll get the full rent credit for first 2 months before your first mortgage payment, seller will pay the pre-paid interest in closing costs) - Ex) You buy a triplex that currently cash flows $3000.

19 June 2019 | 3 replies
We have a business checking account set up with checks and debit cards, but do not currently have much monthly expense outside of email provider and legal fees (one-time fee).