Chris Mullinax
Is an LLC the best option?
In the majority of possible investment scenarios, an LLC is the best option for rental property owners. How many of you transferred your properties to an LLC? 🤔
Mark Koontz
Chase Business Credit Card Reporting On Personal
A little under a year ago, I got a Chase Ink Business Cash card under my LLC to finish a rehab. Everything I read at the time (and still read), is that Chase Business cards do not report to your personal credit UNLESS...
Kailas Tare
Two HELOCs on primary home
I am in a situation where I am looking for some advice. I took a HELOC on my primary home  few years back from bank #1. Earlier this year I took another HELOC from bank #2 and during the application I disclosed about ...
Roy Stange
Creating a reserve for Cap Ex, Turnover, etc
Would it make sense to take some of the money from a loan when financing a new property a create a reserve for cap ex, turn over, etc? When designing my model I planned to build up a reserve over time from the cash fl...
Matt Maluchnik
Bill Bronchick's Self Directed IRA from checking act??
I was at an event where the speaker (Bill Bronchick) mentions he uses his Self-Directed IRA to invest in properties; however, I can't recall the term... But he basically said he runs it out of his own check book. Alm...
Kurt Granroth
Where are your funds kept prior to an investment?
A common way to kick-start a real estate investment is to wire the funds to wherever they need to be. Maybe it's $25k, or $50k, or $100k. It's money that you have in an account that is then transferred to somewhere ...
Ryan Keenan
LLC / due on sale clause help
Hi BP, trying to change the title of my rental property out of my name and into my LLC. The bank said that it was fine however they will still report to my personal SS# and the insurance must stay in my name not the ...
Mark Peters
0% apr credit card balance transfer
Hi everyone,
I used credit cards to finance every model of rental property. Near the end the remodel the house became damaged due to a fire. I am now holding about 35k in CC balance with high payments. I need recomm...
Charles Williams
Please explain a "wrap mortgage"
I believe I understand the method of the wrap mortgage. My question is does the Deed Of Trust get transferred to the end buyer at the time of sell or does it stay in my name until the loan is paid off? Here is my s...
Brandon Kamm
Investing with credit card teasers
I have always chunked these in the trash but happened to open one yesterday. Credit card I haven't used in years extending 0% for 15 months and 2% for 21 months. I believe there was a 3 or 4 % fee to use. Curious as...