Jim Vanhorn
business or personal banking account
So I am in contract on my first rental property. I went online and created an LLC with me and my wife as the members. I am hearing that insurance is more expensive when the property is llc owned and since I signed per...
Sly Anyanwu
Cashing Business/personal credit cards
I need the fastest way to liquidate credit card, both personal and business, I have a deal that may bust if I don't raise my cash capital by Nov 20th. Any input will help a whole lot.
Asher Knudson
Business Checking Or Personal Checking
I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a busine...
Claude Hodge
Separation of business / personal finances
I need help figuring out how to start out, with my own money, and then turn it over to my LLC. I know that I will have to use my personal name and money to get my first property. After that I want to turn the proper...
Rick Turman
Business BRRRR to Personal Hold
BP Family,I am looking to see if others have done something similar to this and or experienced this and what have you found to work best.I closed on a property in the business name to BRRRR as I found a portfolio lend...
Benjamin Poole
Personal or Business Credit Card
I am wondering what the advantages (if any) people are finding using a business card applied for through their LLC over using a personal card dedicated to business purchases.Does using a personal card make my personal...
Mineto Anfield
Personal and Business Tax Prep
Currently, I am filing my personal and business taxes as one. At what point should I begin doing separate taxes? One banker that I've spoken with tells me that I should begin now. Thoughts from the BP community?
Brandon Ellis
Using business as personal property?
Just curious but say if I had a property on the beach I was using as an AirBnb kind of property and I wanted to use it 2 weeks out of the year. Can you do that, or do you need to pay yourself rent or something like t...
Chad Smith
Personal Rental While Building Business
Morning EveryoneNot sure if I posted this in the right forum. I'm in the process of entering the real estate investment arena but while I do this I need to find a personal residence. I currently live in the Downey are...
Sanjeet Dighawa
Business Vs Personal Bank Accounts
Hello,I am new to real estate world and working on closing my 1st deal thanks to all the tips and tools shared by you awesome folks here!Please help me with this - is it important to open a business checking account f...