Lisa Eisenhauer
Need a bank that will set up a checking account for an LLC owned by a Roth IRA
13 December 2024 | 16 replies
that didn't make sense to me that if i have my ira with you then you will put who the owner is but if i don't have it with you you wont' put anything.anyways, she def didnt' give me indication that she exactly knew. maybe i had a bad agent and since i was already skeptical of using a small bank, that def turned me off.at chase my account shows that it's a business account under an llc. i am the manger of llc, the only thing that worried me is that they put me as a the owner of llc. this seemed no diff to me that when you go get an ein, it also puts you the owner of llc. if irs itself can have this limitation in getting the ein, then surely they would understand the limitation of the bank. besides, i have a fully complying operating agreement in which i have a clause that explains while irs ein letter shows me as the owner, in reality it is my ira that is owner and that that there are limitations on irs website when obtaining an ein. i will jsut be adding a similar explanation in my operating agreement about bank acct and have all the supporting documentation in case if it's ever needed. but that's where i am at.i wish this process was simpler/ easier. it is also very frustrating that the custodian doesnt' telll you anything. they all market you can have a checkbook ira but don't really guide you in HOW to do it practically. all these rich ppl are doing it and i doubt they are going through all these hoops. ...
Alexis Nworah
Is Sandy Springs a good area to buy a rental in Georgia?
4 December 2024 | 4 replies
Most HOAs do allow rentals but you may need to obtain a rental permit or adhear to certain lease provisions.Feel free to PM me if you have any questions - would be happy to chat / give guidance
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
I believe the Deed of Trust going to the Trustee Sale is in second position and was maxed out by the owner.The other layer of complication on this deal is that the owner is actually deceased and obtained the property originally from his father when his father passed away.
Jason S.
Flat Broke and No Funds...What to do???
11 December 2024 | 68 replies
Last resort and the most difficult-find a hard money lender, but come with a plan on how you are planning to make him/her obtain a profit.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
They told my attorney that they were trying to obtain “seed” capital (from me) to finance the lawsuit against their true targets.
Jasmine G.
Financing first rental
3 December 2024 | 10 replies
My husband on the other hand is not tied to the mortgage and has the ability to obtain a conventional lloan as a first time homebuyer.
James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
It was bonus that CA had near fixed property taxes.The low vacancy rate decreases the odds of getting a bad tenant because the tenants realize then will need a good LL reference to obtain local housing.
Robert B Azimi
average cost of city side walk replacement
2 December 2024 | 2 replies
They city required that I replace the best sidewalks in the neighborhood under the program and the cost was substantially higher than estimates I obtained on my own.
Hannah Joy
When to refinance?
5 December 2024 | 7 replies
I am frustrated about that but it will be worth it to obtain the grant.
Josh Willis
How to get started in real estate with only $10k
3 December 2024 | 15 replies
If I had ten thousand liquid cash to spend, I'd probably do a house hack two-family and obtain an FHA loan with only 3.5% down.