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Afternoon BP Community,
I am beginning my RE Investment after months of paralysis analysis. I will be investing in a Syndication after doing a lot of research and homework, I'm confident it will produce great cash fl...
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Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
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Just curious as to how other folks are managing the rental income once its deposited into your bank account. For instance, are you transferring the "real cash flow" to a your everyday checking account and leaving all...
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I sold a house owned in a land trust. My LLC is the beneficiary and I am the trustee. The proceeds check is written to the 123 Main Street Trust. The trust does not have an EIN or bank account. I am having trouble...
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Hello BB.
I'm hoping someone can provide some guidance on this! I'm buying a second home to be used as an STR. Become it's a second home/vacation home, the bank is only requiring 10 percent down, which is fantastic....
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Hey gang. I'm going to be a duplex/triplex, buy and hold investor. I'm not setting up an LLC right out of the gate, as I don't have any assets to protect just yet. I'm going to own the properties in my name, and estab...
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I have a friend that wants to invest with me (using a private money contract). He wants to give me the money now but I don’t want to take it into my personal account. Do I set up an escrow account, another bank accou...
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We are working on our Wholesaling strategy, and are trying to fine-tune the procurement process. Our goal is to submit the offer in a newly formed LLC, then sell the LLC to a Buyer/Rehabber. I understand this isn't an...
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If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?
Are there general...
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Hey guys,
So I have an offer accepted, I'm looking to close in 30 days on a multi-family in the Cleveland area. I'm curious on how to go about paying the down payment so that I will not potentially trigger a "due on ...