Mike Hoherchak
How to Pay Yourself as an Investor?
Imagining the beginning of a R/E investors career, what does it look like to pay yourself as an investor? To add more context, let say you're a hustler and within the first year completed 2 flips, gaining $40k profit ...
Davis Stoner
Tax Deduction's for investment property owner
Hello all,For the new year I wanted to organize my finances and maximize profits. I am currently reading Tax Free Wealth by Tom Wheelwright. Here is the situation: I own 2 properties in my personal name, but collect r...
Account Closed
Can I make a loan to my business and then later refinance it with traditional bank?
So I put an offer on another property today that will be a buy and hold. It will need about $15k in rehab work. I would like to make a loan for the purchase price plus rehab to my business (an llc) from my personal ac...
Peyton Holtz
Structuring a business from the outset?
Nothing should hold a potential investor back from the first deal if the numbers make sense, resources are available, and they have a team they trust in place--I get that, and I am moving. But for those that are a lit...
Kenneth Westervelt
Bookkeeping and House Hacking: to commingle funds or not?
Brief intro: bought a house last year, have been renting out 2 spare bedrooms. I'm thinking about setting up a separate business account to deal specifically with all house related expenses (mortgage, taxes, utilitie...
White Kandlez
Wholesaling with no llc/scorp
Hi all,
Was just wondering about wholesaling without an llc/scorp. Is it ok to just use your name, and for how many wholesale transactions? I want to use profits for income first but I know taxes can be a pain (I'd l...
Eric Sanne
Bank Statement Loan for Self-Employed
Hi everyone,My wife and I are self-employed and finding it difficult to qualify for traditional financing. Imposible actually. I stumbled up bank statement loans and just spoke with a loan officer for an hour asking a...
Matt Morgan
Multiple LLCs
I'm wondering if it's a good idea to open up a different LLC for each rental property or is there too much headache to make it worth it? Also, I'm not asking on whether I should start an LLC vs an umbrella policy. Th...
Chris Koetsier
Transferring Funds between LLC’s
Hi fellow investors,I would like to better understand the risk of piercing the corporate veil between multiple LLC’s. I have 4 separate LLC’s, 3 are single member and the fourth is a 50/50 partnership with my sister. ...
Rick H.
Geographic and topic specific sub-forums
This is a great idea!Since real estate laws are State specific, members can post their California related questions here and (hopefully) get better responses.I’m a big fan of education and doing your own research. Hop...