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Results (10,000+)
Kristine Dekreon Doing the footwork in Detroit so that you don’t have to
2 June 2024 | 1 reply
I used my personal cash for both , but I’m looking to purchase more with lending.
David Zimcosky Building a rehab team
2 June 2024 | 19 replies
If you could go in person that helps. 
Lacye Martini Can I rent my ADR to one of my LLC's to use as an office?
2 June 2024 | 2 replies
LLCs offer no tax benefits, they mitigate liability and the fact that this is on your personal property and you'd be renting to yourself, there's no liability to mitigate.
Nathaniel Jones What's Next on Acquiring more???
2 June 2024 | 1 reply
It has not been well maintained over the last 19 years with a string of just bad renters and the person I had managing it just didn't do good quality repairs or work to it. 
Daniel M. Seeking Advice on Handling Mortgage Payments for LLC-Owned Property
1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?
Lara Gonzalez Best Banks For Landlords
1 June 2024 | 17 replies
Everyone is going to give you their own "personal" preference.
Juan Zamora What are some good STR loans out there today?
1 June 2024 | 18 replies
It only says "some personal use" with no quantity specified. 
Michael P. Ready To Get Started In Ohio!!
2 June 2024 | 112 replies
IMO it has the highest entry point and lowest cashflow out of any other city in Ohio.
Eric Lind Mortgage Lender tells me to not pay full credit card balance?
2 June 2024 | 2 replies
They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.
Greg Hodges Private Lending with ConnectInvest
2 June 2024 | 10 replies
But I get it if you can invest 500.00 U certainly cant buy whole notes or secured positions with such a small amount. becomes a personal decisions make 7.5% with risk of losing it all or buy T bills for about 5% with zero risk.. its up to the individual investors.