Austin Davis
Business Bank Accounts questions
Hello BP,My brother and I are starting our business together and just got our LLC established. I have a couple "getting started" questions about getting a business bank account that I would like opinions on. 1. Is ...
Vasudev Kirs
LLC for rental property - do I need an EIN/TIN - what is the best way?
Hello,We recently purchased a rental property and created a domestic limited liability LLC (two members - my spouse and I). Title company is asking the EIN/TIN of the entity. Is it better to create a new EIN or is it ...
George Hoover
Having Trouble with the 3rd R in the BRRRR Strategy? Me too
So I bought a 3/1 SFH in Sheffield Lake, OH (west of CLE) with a private hard-money secured loan titled in my LLC. The private lender is using money from his self-directed IRA. The terms of the loan are 12% and P&am...
Jason Elbers
Flippers organizing bank accounts
Flippers, what's the best way to organize your bank accounts?
I have a personal account and an LLC business account.
Currently, I keep the bulk of my money in my personal account and transfer funds as needed to my LLC...
Oz Radiano
Opening a bank account for my LLC as an out of country investor
Hi all,In short, I want to open a bank account for my LLC and having difficulties as I live outside of the USA.All of the major banks I talked to (BOFA, Chase, JPMorgan) requires me to arrive to one of the branches, w...
Tristan Romero
Opening up LLC
Hi everyone! I am a newly licensed realtor in Sacramento CA and just bought my first investment property as a house hack. I want to open an LLC now so that in the future when I am ready to move any of my investment pr...
Terence Brown
How do we transition from personal mortgages to LLC?
My partners and I have been financing properties, leveraging personal mortgages all the while prolonging the jump to sending everything through our LLC. Is there any alternative to hard money lenders when looking for ...
Kristi Kandel
lenders who vest LLC at 20-25% down for non owner occupied 4plex
Hey there! My business partner and I are purchasing an investment property that is a 4-plex. We would like to put the property in an LLC but are having a hard time getting a lender who would vest the LLC. Ideally we'd...
Manolo D.
Business Specialized Banks
Our company's bank statements are more healtheir than that of the incorporators. Since we are exposed to the construction industry, we are looking to qualify the company to improve its paydex score (FICO name for busi...
Bradford Myatt
LLC Question
Hey All,I will be closing on my first SFH next week and purchased it with a residential mortgage. At the advice of my attorney I formed an LLC to protect my personal assets as I continue to grow. After speaking with...