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Results (10,000+)
Ihe O. Should I Rent from myself
17 February 2018 | 2 replies
You might have different options if property was held in an LLC and the transactions were real bank transactions to your LLC account, but even then, its a wash since LLC is pass through to personal and you would be recording both an expense and an income resulting in no benefit(not a tax professional. just opinion.)source:https://pocketsense.com/can-declare-rental-properties-primary-residences-8116.html
Juan Pablo Murillo Title - LLC transfer
18 March 2018 | 23 replies
@Jeremy Woods if we really want to get in the weeds...An LLC owner can be held personally liable if he or she: personally and directly injures someonepersonally guarantees a bank loan or a business debt on which the LLC defaultsfails to deposit taxes withheld from employees' wagesintentionally does something fraudulent, illegal, or reckless that causes harm to the company or to someone else, ortreats the LLC as an extension of his or her personal affairs, rather than as a separate legal entity.Wouldn't buying in your name then transferring to the LLC meet the two bold comments?
Rob Bianco Advice on where to Invest out of State
13 March 2018 | 13 replies
OPM is the #1 reason you should invest in rental real estate) the bank will force you to get one.
Account Closed Tenants financial documents, references, are false. what can i do
24 April 2018 | 46 replies
And guess who is then on the hook for the money that was in YOUR bank account.
Quandra Adams How to Find the bank that owns a multifamily
17 February 2018 | 1 reply
How do I find out which bank to contact to purchase it?
Wayne Connell 30 year loan versus 15
21 February 2018 | 12 replies
I have been to approximately 8 banks in our area and with the exception of two national/regional chain banks, the others are actually locally owned banks.  
Fernando Cardona Private lending tax issues if using a line of credit
19 February 2018 | 3 replies
I have been reading a book called the bankers code It talks about becoming the bank and using lines of credit from a bank to then do private lending.If anyone is actually doing this and could give me some input about the tax implications.Private lending tax implications when using line of credit.
Account Closed HELOC on just close property
18 February 2018 | 4 replies
Account ClosedYou can technically get a HELOC right after purchasing a home, but most banks will only do up to 80% LTV max.
Doug Prahst Duplex with only one gas meter
18 February 2018 | 5 replies
Often your jurisdiction will require a separate T off the main line, which would involve trenching to get to a 2nd meter. 
Quandra Adams ​How can I find out what an owner paid for a property?
18 February 2018 | 4 replies
You'll be able to find out how much a bank liened when the property was sold and you could probably estimate monthly payments since then- just use an online amortization calculator.