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...
Santanna Binacci
personal loan being called
So I took out several personal loans and one of them after two months wants to call the loan because they said i have too many loans before I applied, which is funny because I thought they would have seen the inquries...