Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose. In doing so, one of the main step is keep all the funds separate from personal funds, w...
Hi, I am under contract on another property. I am either going to flip it or keep it as a rental. I am getting a hard money loan for the property under my LLC, but if I keep it I would like to refinance out of the HML...
Any suggestions on which method is a better way to furnish a rental property? I am debating whether to use a dedicated business account that is funded to ensure proper tax records vs using a personal credit card so I...
Is there a software program that weighs out all your investing options. Example- Put in your property details and program tell you which investment would be best based on the info. you provided....BRRRR, Buy and hold,...
Hey BP Familia!
I have a quick question. I am between a 15 year note and a 30 year note for a buy and hold rental.
a.) 15 year loan PITI + HOA = 1587 at 3% interest rate. (Principal pay down portion is $790) with...
So, I have a question about financing rentals and flips. Here is my current situation (I’m in the Raleigh, NC area):Wife and I have high 700 credit scores and W-2 incomeWe have an LLC which we have not used to purcha...
Hello BP Members, I am a investor located in Chicago and am looking into buying a multifamily property in North West Indiana (NWI) - Hammond. I plan to buy the property under an LLC and not my personal name via a comm...
Howdy all,I'm looking for suggestions on software to keep my personal finances in order.My rental accounting sits within a property management system (Rentec). It only really does income and expense reporting, no bala...
For those of you who have a single family home in your name, use an umbrella insurance policy, and have no LLC, I assume you have the tenant write the check to you directly? Do you have a separate bank account just fo...
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...