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Hello! I am a Bigger Pockets newbie and am looking at doing my first real estate deal.
I have an investor who wants to only provide the money for the house flips I will be doing. He does not want an active part in t...
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When I purchased a rental property it was already tenanted and rent was flowing. After 3 months I moved (QC) this property to my LLC. Can I put rent in LLC bank account immediately after closing or I have to wait unti...
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I recently just completed the LLC process and got an EIN number. My next step is to create a bank account for the LLC. What type of bank account should I be creating for the LLC, of which my partner and I will have ac...
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Hey BP friends,Does anyone have history/ success using self directed IRA funds to partner in long term hold. My primary interest is for using 3rd party for a Non-secured promissory note to purchase Multi unit buildin...
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Hey guys,
I am in the process of getting my first quadplex and am wondering how everyone is collecting rent. Are their good apps/software? Are you directly drafting from account? Check?
Thanks!!
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How does the process of acquiring private money work. You bring a deal to the potential lender, they like it and decide to lend you the money for a specific amount based on certain conditions. What are the next steps?...
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I just got an accepted offer on a property that I want to buy with my IRA. However, I haven't moved my IRA into a Self-Directed IRA yet. I'm closing at the end of November on the property. Can anyone refer me fast to ...
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We have a relatively small mortgage with a relatively high 15yr pmt. We are 9 years in.
We were considering doing cash-out refi's on 3 residential rentals to pull out about $300k to beef up our opportunity fund.
...
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What are people using to collect rent electronically these days?
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I'm borrowing money from a private money lender to close on a quadplex. He mentioned he will transfer the money to my account and not the title company. Is that okay? Also this is my first time with private lenders. W...