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...
Luis Dedios
Found a bank! Chicago!
Hello Bp! So after obsessing over realestate over the last year I took action!I just closed on my first property in august which is my main residence and have a goal of acquiring another property by summer 2016.I was ...
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...
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...
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 ...
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...
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...
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...
Jacob A.
Transferring property to LLC without invoking "due on transfer"
Hi all, I know this has been covered several time, but I think this is somewhat unique so I created a new topic. I'm in the process of buying a multi-family (3 unit) property. I'm taking title to the property in my n...