Arif Siddiqi
Distributions from business account
I have rental income that is being deposited to my personal bank account. After establishing legal entities, I have created a business bank account and planning to divert all my rental income to new business account ...
Mark Jones
Using Business Credit to Acquire Real Estate?
Has anyone ever used 0% interest business credit cards or lines to make down payments on properties and later refinanced the house/property to pay off the cards or just let the tenants pay them off? If anyone has done...
Account Closed
Has anyone started investing with no money? and ended up gaining good/amazing income?
I'm just asking just to ask. I am still saving money for a down payment on a rental property out of state and i understand none of this should be rushed, but I am wondering if anyone has ever started investing with...
Darina Pogodina
International Loan to invest in Russia
Hello BP Community. Merry Christmas. I have a situation. I am from Russia but I have been living in Boston, MA for 7 years and I will become a citizen of USA soon. I have parents in Russia who due to a health issue ne...
Paul Kerr
Sick of not being able to get a line of credit......am I missing something?
My brother and I have flipped 2 homes exclusively doing all the work our selfs. I also personally own a home that should net me around 60k when it sells. Were about to purchase a home ( for 47k and tax assessed at 16...
Henry Le
Transferring money into a LLC
Hi everyone! I've been a long time lurker and first time poster. This question has been on my mind lately and I hope someone can help clear things up.
Let's say I have a LLC established and I want to transf...
Kevin Wegscheid
How do lenders consider loans to LLCs?
Hi,My friend and I are starting an LLC for real estate investing. We have seed money, but I'm unclear how bank lending to an LLC works. Does a lender look at the business plan for a particular property to decide wheth...
Alfonzo Roberts
Business Loan under EIN as Capital
Are there Bank/Credit Unions that would approve a $250k business loan as capital for a real estate company with no real estate? There is one revolving line of credit under the EIN. I was considering taking $8k from HE...
Benjamin Fogle
Funding expenses early in a rental property purchase
I realize from a business perspective you should completely separate real estate finances from personal finances with separate bank accounts.However, especially in the beginning, is it reasonable just to transfer in m...
Kevin Driggers
Bank account and Federal Tax ID #
I am new to Real Estate and want to do this as a business, my question is do I need to get a business account at my bank? Do I need a Federal Tax ID # fron the Government?