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Results (10,000+)
Brice Alef-Torrisi Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Heather McNicol BNB Investor Academy - Reviews?
31 December 2024 | 76 replies
I'm not sure if I want to do co-hosting though. 
Jonathan Small 2 Bedroom 2yr Rental Into Flip
20 January 2025 | 0 replies
I financed this property using down payment funds from 403B and a local commercial bank.
Anthony F. Pay Off Second Home or Leverage into New Property
4 February 2025 | 11 replies
Rents will keep raising in most markets so bank on that for additional cash flow in the upcoming years.
Ananth Subramanian Post eviction: Collecting Judgment amount
16 January 2025 | 8 replies
Wage garnishment , attach any bank accounts , and or vehicles 
Ram Gonzales Creating a debt fund for owner finance strategy
15 January 2025 | 29 replies
Raising capital - It will be difficult to tell an investor their $ is tied up for 30 years and you are only banking on the borrower selling or refinancing.
Jennifer Gill Do Not Call List - sick of calls!
24 January 2025 | 9 replies
So I get that "lag" almost every time, plus I deal with our corporate bank... so they always have that lag. 
Enrique Toledo Seller financing financial questions
27 January 2025 | 7 replies
I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.
Brennen Clouse Fix & Flip Networking in Chicago
31 December 2024 | 3 replies
I always remember that rockstars know rockstars, so find someone who is a mover and shaker - likely a meetup host - and then ask them who they know.The people doing 100 flips are super busy, so I've also found the best person to find is someone who is a step or two ahead of me...so maybe for you, that is someone doing 2-3 flips a year. 
Rachel Vann Self-Storage Facility in Conway, Arkansas
23 January 2025 | 1 reply
Did you finance this deal with a local bank or credit union?