So I am reading BRRRR and a newbie so please go easy on me :) Although I have had the dream to do this for a living for about 10 years now. Trying to sort out what is best for my situation. Please feel free to point ...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Ionia.
Purchase price: $185,000
Cash invested: $40,000
Partnered with my wife and another family memeber to do our first de...
My business partner and I have an initial meet and greet with an accountant to discuss setting up the business. We just established an LLC and want to discuss tax parameters, financials, cash flow, etc.. We are a yea...
I am getting close to having my first deal ready to go. Its a rehab+hold and rent. I have created a LLC to hold hte property in. I need a seperate bank account to manage money in/money out. Should I open up a busines...
I have a Business account with bank of America. I recently closed on a small investment property in KY. I wanted to keep all my income and expensive for this property in this 1 account. Since the account and the pr...
I'm trying to sell one of more stores, and the buyer needs financing. Is there anyone on here that can offer financing either through conventional loans, or hard money?
Thank you!!
I am looking for information on putting together a business plan for private money investors. Any feedback is welcome regarding experiences such as what kind of portfolio they would like you to have before providing ...
Hey BP! So I'm slowly moving into the raising capital/partnership space and was wondering how others structure their business for raising money. Say I want to start "XYZ Capital LLC", clearly this LLC does not hold ev...
Hi All,I'm looking to purchase a number of smallish rental properties and I'm curious as to the general consensus (or rules, as it were) to the incoming rental checks -- do I open an escrow (or simple checking) accoun...
Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.