I've purchased an investment property with a partner. We are on the deed as tenants in common and will split income, expenses and tax benefits 50/50.  When we tried to setup a bank account with the property management...

What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...

I would like to use an electronic service to collect rent from my tenants, who are (so far) banked and fairly competent computer users.  Intuit's Payment Network is appealing and recommended in several BP posts, but I...

I am applying for a NYS Broker's license and am wondering the following; 1. is it neccesary to fill out the experience/points sections on the application?  I was under the impression that is was either 2 years experie...

In the past 5 years of trying to build a company with 0 business business knowledge, I've ruined my credit and I'm also being sued by lenders. I've actually managed to grow into a stable and profitable business despi...

I was hoping I could get some direction from an accountant or someone with tax preparation knowledge. I am working on completing my 1098 interest forms. I have a situation where I have two borrowers (an individual and...

I was looking around for low cost transactional funding companies. I noticed when requesting proof of funds a lot of them ask and some even require business contact information. I don't own a business. Does this disqu...

Hello,Should you have one saving and checking account for each rental property you own? What if you have 70 units does that mean you create 70 banks accounts is there a easy way to keep track of the money and still no...

HiI purchased a 14 unit apartment complex 3 years ago.  I am ready to expand into more properties, but I want to be able to attract more investors.  I am thinking to open an investing company.   Right now I am operati...

I'm in Houston TX area.  I have 3 real estate businesses I started 3 years ago. 1)  Sole proprietor Fix and flip business: doing 15+ properties per year all cash with 6 to 9 properties in inventory.  2) Sole proprieto...