My llc is involved in a partnership as a member of another llc, and we recently realized that one of the other llc member is commingling funds between his llc and the partnership llc
What can I do to safeguard so tha...
Hi,This is a tax question about notes. I guess what I did is put money into a hedge fund that buys real estate notes. I invested using money in an LLC that is taxed as a partnership (form 1065). So far I have been ...
At a recent real estate seminar I attended the presenter said that it is illegal to commingle funds from different private lenders to purchase a property. The example he used was borrowing money from 2 relatives (5...
Have about $2k of profits sitting in a checking account solely for my rental ($4k total with SD).
When can/should I take the excess profits out and invest them?
Can you invest in Real Estate Using 401k/self directed IRA's? Have $130k in former company's 401k fund that was looking to use on Brrr. Thoughts?
Hello BP Family,I am currently a W2 newbie trying to get started. I am in the research stage and trying to figure out how to fund a deal. I have decided to use about $10K in a SDIRA along with some funds from a HELOC ...
Has anyone used prosper.com for funding houses?
Hi all! This is my first post on BP. I am considering putting up some money for a flip. I would just be a money man that would be a small portion of the overall deal. In exchange for my investment the "Flipper" is...
Hi BP,Can you make distributions from one LLC bank account to another LLC? In other words, if I have a surplus of money in one LLC account and the other LLC has need of capital for construction, can I transfer from on...
I am closing soon on an investment property using conventional financing and 25% down. My question is: Is it ok if, at closing, I wire funds from another of my personal checking accounts that was not reviewed as part ...