Debra Gross
Can you use your personal funds to start up business
New to all of this. I have opened up a LLC for my rental properties. I am doing a remodel and paying for expense but since it is new can I transfer my personal funds to my business account to cover expenses? I know yo...
Z Smith
Using personal funds for entire house purchase - it is smart?
Hi there. I want to purchase my first SFH to rent. Purchase price will be around $100k. I'll receive at least $1k month in rent. I am 30 y/o. I work from home full time.I am having a lot of issues trying to work with ...
Tim Crosby
Should I Take a Personal Loan to Fund a Flip?
I'm looking at using a HML to fund a flip. To do that, many of these places want 10% down to fund a deal. I'm looking at a PML pr someone I know more personally to help out, but most people I know see those flipping T...
Alessandro A.
PLOC vs Personal Loan vs Credit Card to Fund Rehab
I have cash to buy a distressed property and I’m looking for a way to fund the rehab only. My plan is to implement the brrrr strategy and cash-out refinance once the property is rehabbed. I’m looking at personal lines...
Nick Liu
How to transfer fund from LLC account to personal account
this is not exactly 100% real-estate specific question, but I'm sure we have the right expertise in the family to answer it. I'm sure I'm be encountering the same situation down the road, might as well prepare ahead ...
Andy K
How to use personal funds to invest using a corporation?
Hi,I have some personal savings and would like to use those to invest in real estate. But instead of investing in my personal name (for obvious reasons), I would like to use a S-corporation that I have formed to do th...
Daniel Dietz
Allowable Expenses in SDIRA?
Hi,
I was wondering if anyone, @Steve Hamilton , has a definitive answer on what is allowable for expenses within a SDIRA, as far as 'misc personal expenses' goes.
It is my understanding that even thou...
Meghan Andersen
Double Escrow - Legal ?
I have been digging into the concept of a 'double escrow', or 'double closing' as a way to get into investing using little to no personal funds. I have seen opinions from both sides of the aisle, but what I really wan...
Ronald Thompson
Roth SDIRA or Taxable Dollars for SFH Rental investments???
If you had a choice to use money from a Roth SDIRA or money from a taxable account, what would you use? Do the tax benefits of using taxable money out way the advantages of tax free income with a Roth SDIRA?
Daniel Hartz
Feeling lost- Business Line of Credit for LLC w/ 4 years of rental history
I'm looking for a source for a business line of credit: I have fair (560-640) credit, but also quite a bit of equity and rental income history across two properties. So I've been slowly working the rehab on an investm...