Ralph Santos
Banks or Credit Unions?
I'm just beginning to build my property investment portfolio. As a beginner, which should i choose to open my investment portfolio account with? Should i go with a bank or with a credit union? What are the pros and...
Keith Schulz
Business Credit
I currently have an LLC set up. Although, all my financing in the past has been in my personal name. I'd like to get to the point where I have enough business credit to finance rehabs.
In any case, I'm getting prequ...
Karlo Alamo
To pay, or not to pay?
Hello friends!
I recently lost my job due to COVID, and I had a work history with a good income for 4 years. Now that I decided to chase what I really want which is Rental Investment, I've come across this roadblock....
James Cloman
Credit Score Dropped 85 points
Just finished my Second property using the BRRRR Strategy under my personal name. However ran into a issue with my credit which cost me some cash. It dropped about 85 points within 2 months. I leveraged accounts I had...
Jamison Colston
Raising credit scores for young potential investors?
For those here. I have a friend with a credit score of about 580 or so. Can't remember the exact number but she is wondering about ways she can raise it up quickly. I've never had a credit score below high 600's or so...
Jessie Xu
Bank accounts without an LLC
I'm currently mixing rental transactions with my living expense in the same account. I really should stop doing that, but I'm not in a plan to set up an LLC. How should I properly set up my accounts?Should I just open...
Patrick M.
Business Account or "Business" Account with Bank
When opening a separate account at the bank for rental deposits, rent, and expenses are you opening an actual business checking or are you opening a personal/general checking and calling it your "business" account. K...
Chris Byers
Cash Out Refinance with Distributions
Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?What get's credited and what gets debited?So far we have:Credit: New LoanDebit: Cash Accou...
Account Closed
Using Business Credit for Proof of Funds for Hard Money Loan
Hello, I'm currently going through the process of attempting to open 0% business credit cards to hopefully potentially use as the downpayment to qualify for a hard money loan, to then use that hard money loan to purch...
Aviv Berkovitch
Take a mortgage for out of state citizen
Hi,
My wife she is a US citizen but she never lived in the US. All of her income generate out of state, but every year she also submit an annual report for the US as well.
A few months ago we opened for her a bank ...