I am purchasing a 4 unit and was wondering how to set up the bank accounts for deposits, cash flow and expenses. I have heard of trust accounts and commercial banks....getting confusing. Thanks
Hello, I just closed on an 8 plex(2 4 units) in November with a partner. This is my first deal, and I love it so far. We have room on our lot to build another 4 plex-8 plex depending on the city and parking space. ...
Hello All,My name is Makala and I am very eager to buy my first property. I have spent months trying to gather as much information as possible, but it seems as though the learning for Real Estate is never ending, whic...
I am going to sell my home and buy a new one. After I sell my home, where should I temporarily keep the large amount of money (>$500k) until I buy the next home? Should I keep it in a high yield savings account?
Hi everyone, I purchased a 2 family in Malden and going to work on renovations. Will be buying new floors, drywall, cabinets, etc. Does anyone know where or how to get bulk pricing for as an owner-builder? I'm looking...
Question for you all to see what makes more sense to do right now.Debt: I have $15k in credit card debt that has an interest rates of 10-16% depending on the card. Minimum monthly is $350 but I usually put a little ex...
Hi, I moved from CA to NC, and I lost my job. Recently came across a few good within my budget properties and do not want to lose the opportunity to invest and wondering how to go about the loans since I am not employ...
So, being a new investor I'm always looking for ways to save money. My thinking was by doing some things myself I can funnel the saved cash into the next deal, or I can gain experience by being hands on when possible,...
When the investors here have cash saved up for down payment money on a new investment property, do you store that money in a standard bank account, in the market, in some other liquid investment? Some combination of ...
Hello Everyone, I currently own three properties under my name and have a separate checking account for each under my personal bank account. How do I best go about creating an LLC and moving the money in each accou...