I am purchasing a ohio property in my personal name, but want to pay for all expenses through my LLC. Can I use my LLC for earnest money deposit? or will title company frown upon this? Also, does it matter that the ...
We recently invested in a hotel group and put this under our business; we used personal funds to fund initial investment, and we receive dividends from this investment. How would you account for this in your books?
What's up guys!As a new investor I was wondering if forming an entity is the way to go? I am just starting this business as a Buy & Hold Investor, and I have always belived that business and personal financials sh...
Not asking for or expecting legal advice here, but I thought someone might know the answer to this.
If I create a new LLC to hold a property, I assume it might take some time to establish a credit card for business e...
so i want to finally get a name and llc all set up for my business so i can legally be called a business and pay taxes to those lovely irs people :)anyways, wanted to know if there are any ways that are better than an...
Using the 50% rule as an example, on a house that rents for $850.So $425 goes to expenses/vacancy. Is it best to deposit this portion in a separate bank account? So for those that have multiple properties, are you usi...
Hi BP Community,
I'm in the process of setting up an LLC and have questions regarding the initial funding of the LLC. The plan is to purchase a property under the LLC but in order to do so, I assume I would need a se...
Hi everyone, I completed the purchase and renovation of my first rental property this fall. It’s rented out as of Oct 1. So my next step is to set up an LLC (in process) and then cash out refinance to fund my second p...
I'm only a few months into the BP and RE Investing world, but I'm getting the hang of it pretty quickly thanks to all the advice from members on here, podcasts, books, etc. I have my location I want to invest in deter...
Would you lump all your investment property finances into one bank account or do you prefer to spread them out among several banks? What strategy would you choose? What strategy have you taken?