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Results (10,000+)
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
@Lisa Eisenhauer thank you for your detailed response Lisa.my hesitancy with titan is that they are a nigerian bank. and my hesitancy with solera is that the are pretty new small bank. given how small banks that have failed in the past, i feel more comfortable with going with someone like chase. here is list from fdic of recent failures: https://www.fdic.gov/resources/resolutions/bank-failures/fai...however, since i ran into problems with chase based on what i described in this post:https://www.biggerpockets.com/forums/51/topics/1150830-bank-...i wanted to know  who i can go with. so i called solera, firstly the person who picked up transferred me to an IRA LLC bank specialist. when my call go transferred, the specialist was i guess working from home and had a crying baby i could hear. that was my first uncomfortable momemt. i don't accept that from a bank. maybe a small retail company or something.secondly, i asked her if you know how an ira llc bank account is set up and i want to make sure it's set up correctly so i have some questions i'd like to understand your process. she right away asked me who is my document provider. and i was like, what is a document provider. she asked who set up your llc and i told her i did that. she said well we usually work with document provider because it's not a typical llc and is set up differently.i assured that the my llc is not an issue, i do  have that set up properly. it is manager managed. i am the manager. my ira is the 100% owner/member of it. then she assumed that my ira is with solera. and i told no, i have it at another custodian, all i want to do at solera is to set up a bank account. and what i want to know is when you open an account at your end, in the bank account who do you put as the owner of llc. she told me well it's a business account that llc owns. and you will be the manager on the account.and i told her, yes, i already know that and that's how it is currently set up at chase. the issue i am asking about is who will be listed as the owner of the llc at your end on the bank acct.. it should be "xyz custodian fbo shaz...IRA" and it should NOT be me. she goes. llc will be the bank owner.i think i had to repeat 3 times that i am  not asking whether or not bank accout will be under llc. i am asking in filling out your paperwork for opening the bank account, does it anywhere ask who is the owner of the llc and if so, who will you put. she goes, oh we dont' mention that anywhere but if you did have your ira with us then we will have "solera bank ..custodian fbo shaz...IRA". 
John Clark Networking and connecting
3 December 2024 | 8 replies
I'm still learning the industry,  but I have been able to partner with a CDC based out of texas and they have been a great help and they have allowed me to get involved with getting investors for their project and I'm definitely excited for it.  
Clint Warren Economic Development Content
5 December 2024 | 2 replies
Industrial (Large Employers and Manufacturing Growth)3.
Chelsea Pfeiffer Out of State Investor looking to do STRs near the Smokies
9 December 2024 | 16 replies
If you pay retail, you'll be looking at 500k to 550k depending on area and lot. 
John Underwood Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
I took title to each in a separate series of my LLC, which is the same as per entity protection as having each in a separate LLC but with the organizational and accounting costs of having a single LLC.In the case of each I carried hazard and liability insurance for the INTERIOR of the condo while the HOA carried insurance for the “common” areas, including structural.This particular condo was on the second floor, with retail and office space directly below.  
Tyler Edmister New to Multifamily in Columbus, Ohio
10 December 2024 | 12 replies
It helps to network with as many locals in the industry as you can.
Donald Hatter New Construction Homes Investing
5 December 2024 | 14 replies
By securing favorable terms upfront, I aim to maximize my ROI when selling within a 3-5 year window.I believe that connecting with like-minded investors is key to continued growth and success in this industry.
Radhika S. Newbie & long distance
13 December 2024 | 35 replies
Out of the areas in KY that is not one I would have thought would be on most out of state investors radars.I am still in the initial stages of my research, but Owensboro made into the list while choosing candidates based on cities with diverse economy with significant industries for an LTR.
Paul Cijunelis Started a new PM!
5 December 2024 | 4 replies
Quality over quantity.7.Master Delegation and Automation: PM is a complex industry with many moving parts—marketing, maintenance, leasing, screening, and more.
Douglas Schwart Seller Carryback Financing-Singh Corporation
5 December 2024 | 7 replies
I’m surprised they were dumb enough to jack the sales price up 70 K above retail.