Account Closed
Best practices for bookkeeping if not under LLC
Hello,I’m closing on my first deal and have decided to hold off on putting the property under a LLC. Since I wouldn’t have an EIN to create a business checking account, am I allowed to simply open a new personal check...
Adam Craig
Lines of credit
I am trying to find more lines of credit - I buy most of my rentals properties for cash, rehab them, then refinance so when I have multiple jobs going at once money can get tight, especially around tax payment time :)...
Mark Beekman
Insurance Policy for Bank Deposits Over FDIC Limit?
Does anyone know of any private insurance providers that insure bank deposits over the the FDCI limits? I've looked into CDARS and DIF, but are there any companies out there that will actually sell a policy directly t...
Elan Radbil
What to consider when opening a bank account for your LLC
My partners and have just created our LLC and we are looking to close on our first deal in the next 45 days. We are starting to work out where we would like to hold the LLC's money. Outside of your typical fees (minim...
Kanjana Kanjina
First time buyer looking for local banks to borrow
Hello,I'm new to real estate investing and looking to buy my first rental single family home. Can anyone recommend local banks in Fort Worth, TX that are willing to work with first time real estate investor with just ...
Yashar Fred
What rental collection method do y’all use
I have a distant rental property , I have tried using turbotenant rent collection tool but it is very unreliable (it takes long time and falls through ) , the tenant has been paying by cashier check and I need to stop...
Ben Rishwain
Theft and Mail Fraud of Rent Payments
Hello there!This week it was confirmed that mail had been stolen earlier this month which included rental payments. At least 7 payments are missing and 2 payments have been confirmed cashed by somebody who was not aut...
Arty Fresh
is this financial statement layout acceptable to banks
what do you guys think of rich dads financial statement ? this one --> https://www.richdad.com/MediaL...
I was thinking of hiring a bookkeeper for $5-10 month to do all this for me and I can just send them my emai...
Gordon Olson
Limited Liability Corps and Loans
I have another friend, actually the person that introduced me to BP who is also a Pro member like me @Delmas Gibson that has questions as well about being able to borrow or get funding when one owns an LLC.
Are the...
Account Closed
Canadian buying US property
Hi all,I am learning so much from this site and I am trying to gather info before starting to look for my first investment (rental) property in the states. I live in Canada (East) and can’t even think of buying an inv...