NJ landlords - what bank do you use to hold the security deposit for your tenants?  Do you use the same bank (although presumably separate account) for your business checking/savings? 

If someone could help with this please? I am reaching my 10 rental houses in my personal name. The banks tell me that once I reach 10 that’s it. What happens now? How can I continue to invest? I would figure that I co...

Hi,I have been taking payment from tenants via venmo to my personal account.  Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties.  My legal advisor is a...

With respect to the deed, I already understand that I need to Quitclaim the property to the Single Member LLC.  My question is about the associated mortgage -- how do I transfer the mortgage to the LLC?  Whenever I ta...

I was cautioned by an attorney to never sign anything in my personal name related to the LLC but rather to sign: "by (signature), president" I have been unable, however, to open a bank account for the business. So far...

Hello All!What is the best way to secure a loan under an LLC to reduce liability? I know that many banks do not lend to LLC's and transferring a personal loan to an LLC can trigger the due on sale. It's rare that bank...

I have 3 rental units, owned and financed under my own name. It's definitely a small business; I am the only employee and sometimes my wife. I feel like it will make it easier to track revenue and expenses if I sepa...

Have heard two sides to this:

1) mortgaged properties cannot be put into LLCs and the bank will call the loan (due on sale etc). Only option would be umbrella insurance.

2) banks never find out you put it in an LLC...

want to buy a 2-4 unit building here in Calif.   Will be partnered up with 1 other  person and will hold the building in an LLC. The situation- property will cost ~750K, wont need major rehab, would pay any rehab in c...

Wondering if this is possible or am I just wasting my time.Is it possible to find a local bank or credit union that lends as a commercial loan to a LLC for single family homes?If so is it possible to get rates 5% or b...