What are some of the pitfalls of creating a LLC with a spouse for rental properties? Is it better to have a single member (just me) to protect her from any litigations against me?
Hi folks. I have a HELOC in place, and I'll likely tap that line sooner or later. Just wondering if anybody here has noticed a negative fluctuation in his or her credit score as a result of establishing a HELOC and/or...
So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review. I never h...
Hi, we manage properties in a partnership and in a couple LLCs. We have Lowes and other accounts to purchase materials for repairs or renovations. Those expense accounts need to be paid with funds from the correspondi...
Hi everyone,
I have a question which I would appreciate some input on. I've been studying real estate for awhile now and am getting close to being ready for my first deal. (House-hack)
The main reason I'm getting in...
Hello all. My husband and I are looking to rehab and flip 2 houses a year in 2016 and 2017. We will be living in them during this period in order to build up capital faster. My question is; How does living in the flip...
I was wanting some advice from an expert or experienced person. I'm planning to buy a triplex around the first of the year. I have a few credit cards with not so big of balance left to payoff. I'm want to know the be...
I just got my first tenants this week and now I'm trying to get my financial organization in place. I've recently purchased Quicken 2019 Home, Business, and Rental Property and so far it's been fairly easy to setup. I...
I have about 35K in debt. My credit utilization is 48%. I have a personal loan with an original value of 14K that I'm three months from paying off. Was that personal Loan calculated in my Credit utilization. When ...
I been looking into personal lines of credit and business lines of credit.. I have read that people use this method for 20% down payments on properties and other things such as funding for their flips and other projec...