Hyeseong Park
When receiving payments after selling houses
Hello all, This is a newbie flipper who is about to sell my flipped house.I bought the property with a name of LLC and I have one question while selling it.I assume that I will receive payment for selling the house as...
Haishan Peiris
Should I buy the property in my name or under LLC if its a BRRRR
I am looking to purchase a property to BRRRR (Buy, Rehab, Rent, Refinance, Repeat). Should I purchase it in my name or in the LLC name?
Patrick M.
Business Account or "Business" Account with Bank
When opening a separate account at the bank for rental deposits, rent, and expenses are you opening an actual business checking or are you opening a personal/general checking and calling it your "business" account. K...
Ben C
Private banking account
Hi,
I am shopping for a 30 years fixed mortgage and my credit score falls couple points below the "excellent" range. it's only because I had a $56 collection back 6 years ago, which I was due to a move and paid in fu...
Christopher Davis
Cash out refi is pegged to property or owner?
Hi everyone,Just doing some fundamental research on cash out refis on my first investment. Basically I will probably be paying all cash for two reasons: I have had difficulty qualifying for a conventional loan due to ...
Michael Lopez
Hit a Tax Roadblock and I don't know what to do
I am hoping there is an accountant that would be able to assist me with my question because I have hit a roadblock. A couple of years ago I created a Solo 401K account using funds from a frozen pension which was rolle...
Joshua Mailey
Florida Sheriff Sale, COA Lien over a year old (Expired?)
Looking to bid in a few days on a Primary Mortgage lien, it appears that there was an COA Lien which was filed with county on 11/22/22. Unclear if the lien has expired, and if surplus funds would go to the COA Acc...
Rob Beland
Who's not banking local? Why are people with BofA and the like?
I see a lot of posts about where to go for loans for commercial properties and questions about having too many mortgages and lots of people with questionable credit but good experience, lots of capital, etc...My quest...
Pat Jackson
Question about due on sale clause?
I know this is talked about a lot, my question is a little different.I'm in the process of setting up a Series LLC to protect myself. I'm working with a particular lender that is very investor friendly. I'm preappro...
Heriberto De Niz
HELOC ON AND INVESTMENT PROPERTY UNDER AND LLC
IM LOOKING TO GET A HELOC ON A FOUR UNIT APARTMENTS BUILDING I JUST BOUGHT LAST YEAR DID ANY ONE KNWO ANY BANKS WHO CAN DO THAT IM LOOKING FOR A 80% LVT ANY IDEAS PLEASE