Viron Hale
LLC and Banking account
Hello BP family,I just started my LLC and now looking into setting up a bank account. I'm going to use a local bank, my question do I need to set up a business bank account or can I set up a personal account for my LL...
John Pruner
LLC questions - getting mortgages and transferring property in/out
Hi,I have a few LLC-related questions.If I own a house with a mortgage, is there any easy way to transfer that house into an LLC?If I go to a bank for a mortgage on an investment property that I want to purchase, will...
Chris Lynch
What are financing requirements on a Commercial apartment 8-24unt
What are the typical financing requirements for a mid size commercial multifamily. 8-24 units? I have heard many people talk about 25% down ect. But are there any other requirements on personal income. I know for sing...
Chris Kane
Credit Line??
I was wondering how many of you use a credit line to buy properties. I have been thinking about looking into obtaining one, but I don't know the details. What are the benefits/drawbacks? Muchas Gracias
Lari A.
Newly formed LLC (Question regarding bank account)
Hello BP Community,I'm a new investor who has just formed an LLC (sole member). I haven't been able to set up a bank account for the LLC yet, and my question is this: if I purchase and assign a property under the LLC...
John T.
Please some light about the LLC structure .
I hope everybody is having a great day . I need some light into a question I have. I am considering to create LLC’s for my properties , perhaps a series LLC. I read that no matter how good is the structure you set...
Patrick Horrocks
Personal HELOC with LLC?
Hi all, quick question, I'm planning on moving a property into an LLC. I have a good amount of equity in the property so was thinking about taking out a personal HELOC before I deed the property into the LLC. Would th...
Don Chambers
rental loans hurt my persoanl credit worthiness
How can I finance my rentals without it hurting my personal ability to get a loan?
I have 20 rental properties. One is owned free and clear, 4 have conventional 30-yr fixed loans, and the other 15 have 3-year commer...
Michael LaVan
Hard Money Loans good idea or not
How do you guys feel about hard money lending? DO you recommend any banks for personal loans?
Jon Passow
Purchaasing through an LLC
Sorry for the misspelling in the title, hit post too soon and now I can't edit the title. I've decided to go the LLC route for my REI plan and I'm a little confused on how to purchase a property THROUGH an LLC. Detail...