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Results (10000)
Carlos M. Personal vs. LLC
11 February 2014 | 3 replies

Hello Everyone,

Currently I am looking to refinance an Investment property I own. The question I have is should I borrow through the LLC or borrow through my personal credit?

The reason why I ask is because I have...

Scott Hraska Owner occupied rental question -What if the account has no money?
13 June 2017 | 2 replies

All,In the next few weeks I'll be closing on a 4-family house, and my 1st owner occupied rental property. I read the forums and a few books and understand that keeping business and personal finances seperate is key. I...

Tyler England Am i able to claim a vehicle during tax season?
17 June 2019 | 4 replies

Im about to buy a 2nd property with plans of expanding further. Im going to be setting up a business account to separate my personal expenses. If i were to buy a truck to help with the business im building but still u...

Jeff Caravalho quickbooks online - setting up books for investing
3 March 2016 | 8 replies

Hello BP,I use Quickbooks online for my drafting business & was wondering how self-employed people set up their books for their personal finances, personal business & a rental, or two, or ten...I was told Quic...

Jay Richards Not piercing my own veil
26 July 2016 | 7 replies

I have recently begun my journey into investment real estate. Two houses held under seperate LLCs. I am concerned about how I can expense things that were purchased on a personal credit card (building material and h...

Matthew Rembish Home Equity Line of Credit
9 January 2015 | 8 replies

So I recently met with a contractor who does many rehab flips a year and being a new investor, I asked him what was the best way to fund these kinds of deals with the limited money I currently have. He told me to go t...

Michael Zagorsky Cost Basis and Losses for converting rental to personal residence
21 July 2020 | 1 reply

We had a tenant leave our rental property in May of this year. We received about $5,000 in gross rent. The tenant trashed the property and we had to spend about $8,000 on repairs. Including new paint ($4,400) an...

Steven Silbert Separate Bank Account
30 October 2021 | 13 replies

As I move toward acquiring my third property, I realize that I really need to start separating my finances. I plan on opening a separate account for my two rental properties. Do any of you have advice about what banks...

Johnny Dlcrz Do you need to transfer property to llc name?
22 January 2022 | 20 replies

Hi , I have two rentals I own right out. one is a house with land and the other is a mobile home on leased land in a very good location . I just created an llc for these properties per my accountants recommendation he...

Johnny Park Is a LLC really worth the money?
9 February 2016 | 17 replies

Hi!Need some advice. I own several 2-4 unit multi-family buildings in the Chicago areas with loans, but the banks are starting to question why the title has changed from my personal name to a Series LLC. Not only is t...