Daniel Patterson
How to add Facebook Page(you manage) to BP (not personal account)
The subject speaks for itself. I can't find a way to add my business facebook page to my bp account so that I can get the verified symbol on my account. Every time I add my facebook to bp it automatically uses my pers...
Julia Amelyan
Tenants depositing rent into your account
How does it work to have tenants deposit directly into your bank account? There is a new law that they have to show ID and SSN? Most of our tenants are Hispanic and do not have ID or SSN. Is there a way to get around ...
Jason Turgeon
Bookkeeping software for owner-occupied duplex?
What are those of you who house hack or live in unit and rent out another doing for bookkeeping? I live in one unit (40% of building). My tenants live in the other (60% of the building). Their rent is less than my mor...
Alyson Wolfe
Transferring money into and out of an LLC bank account
Hi- I have recently formed an LLC with my partner at the request of a hard money lender in order to get a loan, they also want to see my personal funds in an account under the LLC. If I transfer my personal funds into...
Carlos C.
Rent payments cash flow....
Hi to all, Im planning on opening a Wyoming LLC as a holding company, then open an LLC for each rental that we have in Kansas and Missouri.I read several articles and would like input on the way rental payments should...
Travis Buchanan
Personal Loan Repayment - Implications
I am finishing up the rehab on a property, and in order to do this, I took a signature loan to acquire the last bit of capital needed.I transferred the full amount of the loan into my business checking, and setup auto...
Tracy Williamson
Real Estate LLC and Bank Question
Question, is it better to open your business bank account in your LLC for your property or a personal account. I closed on my first investment property, starting my LLC to transfer my home in it within the next few da...
Daniel Wolz
LLC Accounting & Taxes
Hello!I purchased my first property a few years ago into an LLC, and have acquired a few more within the LLC since. I want to make sure that I am doing everything right to protect the limited liability status of the L...
Account Closed
Private Money & SDIRA - Borrowing Prior to IRA Setup
Hi BP. I am in a bit of a pickle. I am awaiting a response from my custodian and thought I'd throw this to the community for discussion.A wholesaler has a contract I want to acquire and requires a $3k non-refundable d...
Bill Gallagher
Bank accounts for STR
Wondering how people set up their bank accounts. My lawyer & accountant said to have separate accounts for each property and not to transfer to personal accounts. I'd like to follow profit first method of banking,...