Alik Levin
Distribution to parent LLC is income but not child LLC expense
Dear all!I have a company structure where a parent LLC owns children LLC's that own properties. When I look at the books that I manage via QuickBooks Online the distributions from children LLC considered as an income ...
Account Closed
Credit Cards for Seed Capital
Has anyone ever used a personal credit card for Seed Capital to use on construction for a flip? Curious your thoughts?
Blake Edwards
What service do you use to run background checks?
We have been using TransUnion SmartMove, but we would like to see an actual credit score, length of employment, etc. Are there better services you have seen or are using?Thanks!
Bob Salas
Oreon RTO
Hello, We own a home in Oregon appraised at $170k. We would like to move but don't want to sell in this slow market. We are thinking about "lease to own" option.Here is our plan: the rent for this home in this area is...
Shawn D.
My mortgage situation/dilemma...
I'm in the process of getting a mortgage for a two family that I will live in. The credit union I will be getting the loan from as a 30yr fix at 4% with PMI. They are also offering a variable 3.25% for a 5 year cap ...
Anthony Kondor
How can I get the downpayment
How can I get the down-payment to buy an apartment building? I need 20,000 as a down payment to buy the building. The price of the building is 120,000. is there any finance companies that can lend money in Illinois.
Rohit Dhing
Tenant Abandoned Property
My Tenant at my Dallas rental (Collin county to be more specific) abandoned the property and its been over a month since he left. I have finished all the formalities (notice to quit, etc) and the unit is back on marke...
Nick Thomas
Business Credit Card setup, can I have one or do I need one each?
Hi BP!
I would like to get a credit card for expenses and want to ensure that I set it up right from the beginning. Am I going to need a credit card per sub LLC that owns the various real estate OR am I able to set ...
Ursula B.
Applicant Owes Money to Former Property Manager
Happy Presidents Day! Just looking for a gut check from other landlords/property managers.I denied an application last week because the applicant owed ~$4K to a former apartment complex. It was an active collections a...
Fernando Zavala
New - St. Louis, Missouri (SoCo)
Hello all,I am glad I found this site and will be here and on youtube reading/listening/watching and gathering as much information as I can to prepare to make the move to get started. However, just as I start to make ...