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I know that the consensus is that "due on sale" is almost never triggered in the real world.
However if someone locked in at a historically low interest rate today and then deeded the property to an LLC (or some oth...
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Can you guys help me out with this?I know that the rents deposited into my LLC bank account can not be just transferred into my personal bank account (Because if I do it then it pierces the corporate veil) 1) But what...
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Hi everyoneNew to this forum and couldn’t find an answer so here goes. a few levels to this question and appreciate any input.I am “inheriting” a commercial property of my parents — they are planning to transfer compa...
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Recent purchaser of a duplex I will be owner occupying. I plan on doing a lot of renovations as well. Should I set up a separate bank account for rent collection and renovation expenses? Is this typical? Thanks!!!
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I want to build a rental property portfolio. I’ve heard several investor say “It’s best to do an LLC for rental properties”. I do agree with that statement, but how do you obtain a conventional loan under an LLC? I w...
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I have two rental properties, mortgages on both of them, and want to transfer them to their own LLC's. Is there a way to do that and not have the banks call the loans? Does this happen often if at all? How do I avoid ...
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Hello experienced flippers. I just flipped my first house and had a sizable check from escrow. I deposited into my business bank and they put a long hold on the deposit.What is the best way to deposit these sizabl...
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Hey all -
We're at the stage where we now have 2 long-term rentals and we want to convert things into an LLC to clean things up starting in 2023. I'm seeking advice on converting our rentals from personal bank accoun...
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I own 3 properties outright in my LLC but am thinking of borrowing against one or more to make new purchases. My bank says I need to pull the property(ies) out and retitle in my name but then I'll need to wait 6 mont...
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Hi Guys!Briefly: what options exist for getting tenants set up for making online rent payments?Or, is it still recommended to have tenants mail checks?I have been out of the landlord game for two years now so I was ju...