Chris Seveney
Transferring Properties out of LLC Question
Quick Question to the group:lets say you have a LLC which owns properties - call it Property LLC. Property LLC is owned by Holding LLCHolding LLC is owned by Jane Doe.If you were shutting down the LLC and wanted to ju...
Chris Roush
Automate LLC Owner Withdrawls
Hello everyone, I am new to managing business accounts and bought 2 properties this year. I transferred ownership of the properties to my LLC, so now the income goes directly to the business checking account. I would ...
Keith Andrews
Should I Quitclaim or Warranty Deed to my LLC?
This is my forum post. Over the last year I have purchased via traditional financing, rehabbed, and successfully rented out several properties. While these properties are owned by me personally my LLC manages them… ...
Jeremy H.
Bank Accounts - How do you organize them?
How do you all organize your rental property bank accounts?Bank Account per property? Pros: Would be very easy to see expenses/costs etc. Cons: Would end up with lots of Bank Accounts but still organize them all under...
Chris Koetsier
Transferring Funds between LLC’s
Hi fellow investors,I would like to better understand the risk of piercing the corporate veil between multiple LLC’s. I have 4 separate LLC’s, 3 are single member and the fourth is a 50/50 partnership with my sister. ...
Corey Meyer
Can I take venmo for rent from tenant?
Hi,I have been taking payment from tenants via venmo to my personal account. Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties. My legal advisor is a...
Jim S.
Getting Financing as an LLC
I'm just getting started in investing and I've been reading a lot about why it's a good idea to set up an LLC which I've already done. Recently though, I'm learning that it can be difficult to get a bank loan as an L...
Naoko Potts
Bank loan under LLC vs individual
This could be a question I should have posted under bank loan but since I’m still very green, I decided to post this question here. For my first property purchase, I’m looking into conventional bank loan. My original ...
Dan N.
Bank calling a loan due if I transfer to LLC and if interest rates rise
Today in episode 777, David said something very interesting (and frightening) about transferring a property that has a mortgage to an LLC.He said that if interest rates rise, banks can use certain clauses in the mortg...
Ping W.
risk associated with direct deposit to collect rent
I asked my tenant to pay the rent by direct deposit thinking that would be something similar to salary direct deposit but the renter told me that his bank needs to deposit a small amount to my bank and then withdraw i...