Curtis M.
How do your tenants pay you?
My tenants currently use cashier's check or money order. Is there an online way such as cash-app or anything that will allow me to collect payments that are over 500?
Sam Adcock
Best Alternatives for Rent Payments
I am in the process of closing on the purchase of an 8-Unit apartment complex in Florida. Each unit has four bedrooms and four bathrooms. The property is within 1 mile of a major public University. Each of the bedr...
Shahad Choudhury
Deduct partnership expenses without property in an LLC
Hello!I started a business in late 2018 with a partner with the plan to do rental real estate. We didn't have the LLC formed quick enough, so bought a Single family home in our own names and started rehabbing it. Thr...
David White
Purchasing Single Family Properties Through LLC’s?
Hello all. I’ve heard it said by many that most banks will not lend to LLC’s when trying to buy single family homes. Are there any ways to navigate this?
Mike Abramowitz
Adding a member to an LLC
Currently my partner has properties in his name that have conventional financing, we are looking to transfer these properties into the LLC we are partners in. What type of concerns should we have with transferring the...
Mary Jay
Proper way to do distributions
Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
Jake Hill
Rental Property Banking
Looking for advice on the best strategy for setting up a separate bank account for rental income/expenses. Rental property will be in owners name and I would like to separate business accounts from personal. Thanks!
Christopher Davis
Buying a property as an LLC?
I’ve read that it is wise to buy investment properties as an LLC to protect yourself personally, but I’ve also heard that banks won’t lend to an LLC buyer. Catch-22? How do you do that if banks won’t lend?If you buy a...
Daven Mody
Cash out Refinance
Hi there-
My brother and I purchased an investment property in April 2013 for $185K, and put down 25%. After closing, we transferred the property title to the LLC's name. The current mortgage is under my brot...
Saxxon Rybski
Moving a property into my llc
The process is probably really simple and im just over thinking it. I seem to be having a little difficulty in finding a quitclaim deed form to transfer my rental llc.
Do i need to make a business bank account befo...