Mark S.
Syndication Check Payable to Trust: Depositing to Personal Acct
I had my attorney create a revocable living trust for me several years ago for estate planning purposes. I use this same trust to hold my real estate syndication investments (again, for purposes of estate planning an...
Maria Luna
LLC and business credit cards
Hello guys,
I have a question and hope that somebody can explain this to me a little more. When is it convenient to have a LLC and what is really the purpose of it? I been reading about it, and feel like I can use i...
Jennifer Alcide
LLC Paying the Mortgage in My Name
Hello,I have a question about LLCs and how to pay the mortgage. I purchased a property in my name and decided to rent it out. I have just created an LLC for the property, but the mortgage is still in my name. Can I ...
Account Closed
Transferring property from an single-member LLC to yourself
I would like to transfer my Lakehouse out of the LLC to myself. I have around $65,000 invested in the property. I have a $75,000 line of credit against it. During getting The line of credit on the house in appra...
Patrick Schmidtlein
Cash Out Refinance in LLC with Private Money Lender - Can I draw my equity out
I purchased a single family property in cash last year and am considering a cash out refinance. I have a private lender that is showing me a 30 year fixed product that would cash out 75% of the property value. If I c...
James Elden
Tax question regarding repair days living at rental property
I am aware of the rules about an owner staying at their own rental property and that if they are staying there to perform maintenance / repairs that this does not count as a "personal" day, I don't want to trigger my ...
Edgar Perez
Using LLC to pay for expenses of rental property (MORTGAGE)
Hello BP community,I recently created an LLC to manage my rental property and separate business and personal expenses. I have questions about how to use my business checking account to pay for expenses for the rental...
Greg Cook
LLC for hardliners/private lenders
After talking with a private money lender they only lend to LLCs. Is this common or can we just as easily find a lender using our personal information?
Billy Jemial Miller
LLC or Corporation ? Which should I use?
For real estate investing, should I form an LLC or a corporation? I want to fix and flip and also purchase a few rental properties.
Jason Merchey
Lending in South Carolina
My attorney did a search and talked with some colleagues and determined that I would need a mortgage broker's license to lend private money. Since 9/17 it has been law. Some folks are still doing it, of course. Maybe ...