Ryan Tongue
Finding bank for new LLC
Hello all,I recently filed for a new LLC in Michigan to hold investment properties under, and I'm currently in the process of looking for a bank to open a business checking account with. Essentially, I want all cash f...
Dave Wittig
Financing for first investment property
Hello all,
I have my eye on a piece of property here in Austin. I am hoping that I would be able to get a steller deal on it, I have contacted a real estate agent to put in an offer on my behalf.
Catch is I don't h...
Jack Robinson
New Bank Account for House Hack?
I recently closed on my first house where I will rent out the spare rooms. As this is my first house, I’m using a first time home buyer loan which requires the house to be my primary residence for at least a year. I w...
Daniel Lee
What banks do you use for your rental income?
Hello BP,I'm shopping around to see what bank will be best to have tenants deposit rents since I don't want to use my personal bank account for rental income. I'm curious as to what other investors use for their inves...
Daw’Neichell Moore
100 unit apartment building
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,400,000
Cash invested: $200,000
MYSELF AND 3 OTHER INVESTORS ARE CURRENTLY UNDER CONTRACT WITH A 100 UNIT ...
Hank A.
Financing with Life Insurance
If anybody here has experience with the following, would you please get in touch or share your thoughts on these topics (or point to a forum post or blog that discusses these)?- "Investing" in whole life insurance- Us...
J. Pablo Fernández
I called the bank to get a mortgage, it was an odd experience
Hello,
I have a company, an LLC, that has owned a property for 5 years, which has been cashflowing for 5 years, and appreciated in value a lot during that time. I was using Bank of America as my bank, so they can see...
Himanshu Singh
Tax advantages for STR/Airbnb owners
Hello All, Quick question to see what others are doing for optimizing tax advantages for STR. Background:We got a second/vacation home during the pandemic and now its ready to go online as an STR in the Russian River ...
Kim Hopkins
Electronic Distributions to Investors
Hello!
It seems like this answer should be out there everywhere, but I searched Google and the BP forums and can't find it..
We have a few investors in our deals. We want to be able to send them their distributions ...
David Corrales
Business or Personal Checking Account?
What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?