When having a self-directed IRA LLC valuation completed, is paying for such a valuation OK to pay through the LLC, or is this a transaction needing paid through a personal account? I believe I know this answer, but b...
Do I have to pay taxes on refi money?
Hey guysDoes anyone have a good recommendation on a bank to use for a business account. LLC is setup for a single family rental property. I live in the Northeast seems like TD may not be a bad option. I do use TD for...
I'm just getting into flipping real estate. I formed the LLC and have the offer in on the house. Now I'm not sure how I should fund the rehab cost. My initial thought was to transfer 25k into the LLC threw my personal...
My wife and I are under contract purchasing our first property. It is a triplex where we will be house hacking and living in one of the units.My question is, would it be better for us to open up a new bank account for...
How can I lend money to my LLC without piercing the corporate veil? If I’m transferring money from personal account to LLC online should I just make sure to write “Loan 123 Main Street Project” in memo and after flip ...
I'm not satisfied with the bank I use for personal banking, so I'm trying to decide where to open accounts for my investing. I will not be using an LLC or any kind of formal business to start with, but I might use LLC...
We are fairly new to real estate investing and we have done multiple BRRRRs and just listed our first flip for sale. After doing more research and talking with our CPA, we will owe about $30,000 in capital gains tax. ...
Hello, I came across a mixed use property in need of major rehab that I believe has a ton of potential. I already have a private money loan pre approved that would cover the purchase price and the est. rehab for the e...
This is largely a tax related question, but if there are other legal or financial or insurance things I should think about, please chime in.We have a SFR that is the first rental unit we owned. We used to live in it....