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Just listened to one of BP's podcasts and they talked about not co-mingling personal funds with property funds. What's the best way to keep everything organized and separate?Any thoughts would be greatly appreciated.
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Hi, I'm wondering if it's difficult to find hard money Rehab Loans. I was originally going to do hard money Fix n Flip, but ended up buying a property in cash from the local land bank just over a year ago. Now that I'...
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I have a question about how to avoid commingling of funds...I am about to close on my first rental property in my own name and have plans to transfer the title into an LLC later. Once I have the LLC, I will be able to...
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Hey BP,
I am currently looking to partner on a small multifamily deal with a friend. Basically my friend will put up the money for the down payment and I will handle everything else. My question is how should I handl...
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Went ahead and got my LLC, next I felt it was time to look into getting pre-qualified for a loan. Now I thought since I was doing this through the company I needed a commercial loan. Soon to find out I would need to...
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It would be helpful to me at this time, to have about $25K in working capital for work on one of my multi-family properties. This relative to my situation, is a super modest amount of funds. It probably be best as a f...
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For commercial loans, some lenders want to see a seasoned down payment. Any good recommendations for banks with business accounts that return close to 1% on $500k? Personal accounts for online banks seem to offer bet...
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Long story short, I ended up renting out a property I own outright in March '22. I currently accept rent payments via Zelle into a personal account at Wells Fargo, but I want to set up a business account with my LLC t...
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Hello biggerpockets family, hoping to get some advice/ tips on how to go about collecting rent. I currently have them Zelle me to my personal bank amount but I’m Wondering if it’ll be easier to manage using a platform...
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Hello BP,
Was wondering if those of you that purchase your buy and hold properties under LLC's can give me some info / tips on securing financing. All the lenders that I have contacted seem to clam up when I start w...