Jason Kang
LLC or personal name?
Hey all,Just out of curiosity, are you creating an LLC for your rental property or just putting it under your own name? It's definitely not the most important thing to focus on for me right now since I'm at the begin...
Mark Stewart
LLC vs Personal Accounts
I'm selling a rental property I've had in an LLC for several years. In June, I deeded it back to myself in order to take advantage of a 1031 exchange and be able to use my earned income to qualify for the purchase on ...
Christina Arango
Personal or Commercial Loan
Hi everyone,I've been calling/visiting banks in my area to decide where I feel comfortable. I am a newbie investor getting ready to purchase our first rental properties (I'm hoping to buy 2 this year and 2 per year h...
Quynh-Chi Nguyen
Renting to Retired Person
HelloI have a couple that are retired (63) and looking to rent my condo. What do I ask as proof of fund for renting? ThanksChi
James Wright
Personal guarantee financing question
I posted this in the multifamily forum, but probably should have started the discussion here. since it is a financing question. I have been investing for the last two years. flips and rentals. I have 47 units. I am...
Sam Dal
Personal home renovation receipts
Guys what is the best way to have a contractor write out a receipt for home renovation and are new installations the only thing that’ll help with cost basis vs just fixing up/painting? Also does the receipt require an...
Joshua Scott
Personal loan for Business
Question: Since a business is new and doesn’t have any time in maturity, the single member LLC got a personal loan. Could they deposit straight from loan to business account? Also, if all of it goes to a business acco...
Joshua Scott
Personal loan for funding
If I were to get a personal loan for my single member LLC, could I deposit right into my business account? Also, is the interest a tax expense then? Thanks.
Anna Urbina
Personal or rental first?
Hi
I thought I had this question answered, but what would you do? I’m assuming it would be better to buy a rental for the cash flow. I live in CA so I would be investing out of state and unable to house hack. If all ...
Nick Palmer
Personal Financial Independence Guidance
Current situation:$70k in debt (50k low interest student loans, $20k credit card)Married, no kids, living at in-laws rent-free but very quickly going crazyMake about $150k pretax, 90k post tax. $30k in liquid savingsL...