Thank you Account Closed !!

Originally posted by Account Closed:@Upen Patel I have a portfolio loan that is collateral on 18 properties. 

My title company will wire it directly to his account.

I am looking to connect with the following types of people to work with: General Contractors, Attorneys, Wholesalers, Accountants.

There's a lot of real estate professionals that you are going to need to work with (lenders, contractors, accountants, lawyers, etc.) in the course of buying, renovating, and renting your house, and you definitely want to network and build your team with all these professionals.

I received my tenants security deposit (with interest) at closing and put it into an account for them.

Your renter can pay free if they pay by bank account, however if they pay with a credit card they pay.

I have to agree with Account ClosedYou probably need more financing and more education before you buy an investment property.I would also call every bank to find out what their lending terms are anyway to get  more educated.Why not a 4 unit with another bank?

Account Closed how is the process going so far?

There is only one tax ID number for the Series LLC so the tax reporting if you are the sole member would be as a disregarded entity (pass through) and you would keep separate accounting records in your quickbooks to "tag" the income and expenses of each individual series (just like you would for separate LLC's). $1200 is expensive when you consider the alternative that I am suggesting is infinitely expandable at no additional costs for the rest of your life.