Steven Silbert
Separate Bank Account
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...
Corey Duran
How do i pick a bank to use for my new real estate L.L.C?
I recently established my L.L.C. To begin my journey of real estate investing and rental properties! However, I do not know what BANK to use! I am a Veteran and I was thinking of using Navy Federal or USAA for my busi...
Matthew McNeil
Lender REFUSES mortgage payments from LLC business account
My lender is warning its clients that it will no longer accept payments from a business bank account, which is how I’ve been paying the loan since its inception many years ago. They insist I must pay using a personal ...
Mike Healey
Banking Best Practices for Rental Properties
Just purchased my first investment property in St Louis, MO - A duplex that we'll be owner-occupying. We have about a month before closing and right now, I'm trying to figure out the best way to handle my banking situ...
Chad Duval
For a cashout refi - Are all LLC expenses included in P&L?
Hi all! I have a question about a P&L and a trailing 12 for an apartment building. I currently have a personal loan that I used for a down payment on an apartment building. The apartment building is in an LLC and ...
Matthew Chalfant
How are you structuring your bank accounts?
I hear almost nothing about this in the forum or on podcasts. How do you all set up your banking systems? Do you have banks you like to work with? Do business accounts make sense? Why or why not? Do some of you get cr...
Account Closed
how hard is it to get financing with a new corporation in canada?
I've been reading quite a bit about corporation vs personal ownership in canada, and i think corporation makes a lot of sense, especially because i plan on expanding eventually to 100+ doors. the corporation just seem...
Dennis Callaghan
Borrowing Money Process
Hello All,I am recently new at BP and would appreciate any advice on the structuring of a personal money loan. I have 5 single family homes that I rent and two of them I got at auction but used retirement money to pay...
Jeremy D.
Personal guarantee on existing mortgages?
I'm wondering if anyone has had to give a personal guarantee on their existing debt in order to obtain more financing?
I currently have (1) FHA mortgage, (3) Freddie conforming mortgages and (5) portfolio loans thr...
Mary Jay
What is the proper way to
Can you guys help me out with this?I know that the rents deposited into my LLC bank account can not be just transferred into my personal bank account (Because if I do it then it pierces the corporate veil) 1) But what...