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...
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.
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 ...
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...
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...
Hi all, I am new to investing but I would not say I'm a complete foreigner. I have been reading up on REI for some time now and want to make some big moves this year. I am currently reading "how to invest in rental pr...
My home that I currently live in is owned by my wife's father-in-law (through her mom's marriage to him). He is getting on in his years and placed the home in his trust. It is to be inherited by my wife upon his passi...
Investment Info:
Single-family residence other investment.
Purchase price: $410,000
Cash invested: $17,000
Sale price: $482,000
Personal house hack. Purchased at an ok price in out market and mad...
Hello newbie here,I would like to use equity in rental property to buy a home in my new city. I am trying to determine the best strategy to minimize my tax burden/maximize overall assets. For right now, I'm assuming I...
If you had the ability to pay off your home and only have normal operational bills (utilities, insurance, food, gasoline, etc.) would you do it?
My education tells me to invest, but the conservative side of me tells ...