Hello everyone,
I’m working on getting a commercial loan from a local bank for my LLC, but they require my SSN. Is this common? I thought the point of ownIng a buso ess entIty was to keep everything separate between y...
I just secured a contract on my first property. I am looking into creating an account with a separate bank from my own finances. I am trying to decide, with this being my first property, should I just set up a new per...
Question about bank accounts. Do you guys keep security deposit in a separate bank account and if so what kind? CD, money market account or just plain bank account? Also for rent, do you open a different bank account ...
I am paying mortgage for all the rentals from business accounts. The only PITIA paid from personal account is for a personal residence. I am trying to get a 5% down first home buyer conventional on a fourplex for my d...
So with my business, I have 2 separate bank accounts per property. I put deposits in one for each property and try to ignore that money altogether as my ultimate goal is to be able to give that back to the tenant. I...
Hi everyone,
I’m currently scaling my Airbnb business and reinvesting all my property’s income into growth. Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income....
Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...
We are working on getting our 4th loan with a bank that we have used for financing some of our multi-family properties. They are now making a condition of the loan that we move all our personal accounts to their bank...
Dumb question but I am new to this and wanted to get some feedback. When doing a rental property analysis I have items such as repairs, CapEX, and Vacancy. When you actually collect the rent and pay the monthly expens...
What is your advice on using Roth IRA contributions to invest in your first real estate investment property?Are there any rules or specific information on doing this?