Adam Horowitz
Land Trusts when working with HML and Commercial Lenders
The HML and commercial lenders I am using will not lend to properties held in land trust. I must use LLCs. So I perform the BRRR method and now want to involve a land trust for anonymity purposes and other purposes. H...
Heath Donnald
Settlement proceeds in personal name, expenses in LLC name
My wife and I are partners in an LLC that just sold a flip. The expenses were paid from the LLC account for the 14 months I worked on the house. The house was in my name, not the LLC, so the settlement proceeds had to...
Kyle Galloway
New LLC Financing issues-need guidance
My partner and I have formed an LLC. We have 3 properties that we are trying to transfer into the LLC through a Quit-Claim deed transaction. Simple enough. However two of the houses have financing on them through a ba...
Brian F.
Is Bridgewell Capital a good lender ?
Hello all,
I'm considering a private loan with Bridge-well Capital, however they are indicating they don't loan to individuals . This company is advising I'm must close as an LLC which I'm currently not . Any opini...
David Shives
cap ex and expenses kept sepaprate
Hello, I am thinking about buying an multifamily. Should capex and expenses be kept in separate accounts form your personal cashflow?
Alfred Litton
Paying Myself Electronically from My LLC
Dumb question, I know, but when I pay myself from my LLC, do I need to write a physical check or can I simply transfer the funds electronically to my personal checking account? I ask because with an electronic transfe...
Kal Wol
Do banks lend conventional loan for LLC?
Hello awesome BPsI am about to put an offer on a property after a long period of search. Numbers look good and and I might have to put a bit lower than the asking price, otherwise numbers don't work.I have got the pre...
Dana Carr
Newbie tax question
Last year (2020), was the first year I had rental income on my taxes. I own one rental property in my own name(it is my former residence). This year (2021), I created an LLC with the purpose acquiring more rental prop...
John Stanley
Legal/tax structure: buying outside the US
Hi everyone,I'm a US citizen living in Germany (with local residency). I'm looking at buying an investment property and need to decide whether to do it as a US or German company. Does anyone have insight into the pros...
Ghenia Flewellyn
Financing through Lightstream
The info I've learned on BP in 1 month is worth more than many books I've read!! Thankyou guys ...That being said ...I read in a post 2 weeks ago about lightstream which I believe is a division of Sun Trust bank. I su...