Even if you take the capital gains you would pay on the 210K into account, at first it seems the deal is one that I personally would not be comfortable with.

Account Closed Sorry about the confusion.

Using it as a DP on a income propery you can deposit your rent checks directly into your HELOC account and withdraw your expenses from the same.  

If you're in a state like Massachusetts even if you're in the wrong and they DIDN"T put the money in a separate interest bearing account they're liable for triple damages. 

These are big ticket items that were planned for but if the planning took place too far in the past, a roof that was quoted and budgeted for $80,000 now cost the HOA $105,000 that $25,000 has to be made up quickly into the HOA bank account.

if you are one of the states requiring a separate security deposit account it might be a little different.

A real estate attorney or accountant?

I’m interest in starting my REI by putting money into a Fundrise account.

Originally posted by Account Closed:Originally posted by @Matthew McNeil:Originally posted by @Ayen Lee:Originally posted by @Irina Belkofer:They won't enforce "due on sale" if your LLC is single member company and you're the only owner.Ask @Chris Mason - he explained it few weeks agoThe LLC was  a partnership between my Husband and I, am I in big trouble now? 

How do you enter your vacancies in QuickBooks? Do you invoice without a tenant shown as a "Job" and leave the invoice unpaid?