Hi, I'm trying my BEST here to do my own accounting for the most part.Currently I have an S -corp established for my fix and flips and an LLC for my long term holds.Most of my business funds are in my S - Corp bank ac...
I'm wondering if it's a good idea to open up a different LLC for each rental property or is there too much headache to make it worth it? Also, I'm not asking on whether I should start an LLC vs an umbrella policy. Th...
Hello BiggerPockets community,I have titled this post "The Flow of Money", so it does not get confused with the term "Cash Flow". I have just purchased my first rental property, and am trying to understand how the mon...
Anyone know if when you get conventional financing under an LLC and also being a guarantor if they have ever been able to put a clause or addendum stating that after say 12 or 24 timely payments you are relieved of be...
Hello all! We are looking to start on our first couple properties. Have found our first one we'd like to submit an offer to. We have a pre-approval for a conventional mortgage. My questions revolve around the loan and...
My wife and I have created an LLC and are wondering what is the best way to raise capital to buy our 1st rental property? Should we get a HELOC out of our primary residence which we have owned for a little over a year...
I have a question about how to avoid commingling of funds...I am about to close on my first rental property in my own name and have plans to transfer the title into an LLC later. Once I have the LLC, I will be able to...
Hello fellow investors,I'm a first time investor. When it comes to getting a loan, do people recommend to get a personal investment loan? Or try to get the loan through the LLC?I appreciate any help. Thanks!Spencer
I own and live in a 1B/1B condo near a cute, thriving suburb of Chicago. I travel a lot, live minimally, and I am strongly considering offering my personal residence on AirBnb whenever I am out of town. Does anyone el...
For book keeping or any other reason is it advisable to keep a separate checking/savings account combo for each individual property? Interested to get peoples opinions. Thank you!