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Results (10000)
Chad C. How does LLC owner get paid and tax consequence?
27 August 2024 | 7 replies

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...

David Chappell Buying a House with LLC but refinancing for a rental under personal name
22 July 2024 | 9 replies

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...

Chad Price Best way to purchase furnishings for vacation rental
1 July 2024 | 12 replies

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...

Cheryl J McGrath Real Estate software question
1 January 2023 | 8 replies

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,...

Shane Gaboury 15 Year or 30 Year Loan? (Cash flow and passivity is the goal)
25 July 2019 | 4 replies

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...

Justin Bock Financing BRRR question - commercial or personal loans?
28 October 2017 | 4 replies

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...

Tushar Shah Best Practices for Creating a LLC
25 November 2020 | 16 replies

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...

Christopher Freeman Personal Accounting Software?
31 January 2021 | 1 reply

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...

Brian Spink Rent payment
1 February 2015 | 7 replies

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...

Shane Duncan Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
9 February 2024 | 9 replies

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...