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Results (10000)
Marc S. My first investment; looking for banking help
3 October 2022 | 1 reply

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...

Harsh Dangaria tax question on refi
3 December 2019 | 2 replies

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...

Gabriel Novotny Managing Rental Income
14 January 2021 | 5 replies

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...

Larry Flanagan Land trust issue
8 April 2016 | 8 replies

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...

Solomon Stavis Establishing a LLC for my STR when the mortgage is under my name
18 September 2022 | 3 replies

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....

Dillon Loomis Taking "Draws" From Business Accounts
9 January 2016 | 2 replies

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...

Brandt Baize Private Money & Escrow
22 April 2021 | 1 reply

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...

Dustin Poole Submitting Offers With an LLC - Proof of Funds
26 March 2012 | 5 replies

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...

Dan Miller Piercing the corporate veil
24 February 2008 | 3 replies

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...

Andrew Foster Buying my first property, Transferring Deed, and LLCs
28 October 2024 | 12 replies

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 ...