Joshua Ferrey
Tax/Legal Implications of Large Deposits into Personal Bank Accou
Hello all! So I was wondering if anyone could help me with advice or possible experience with what the legal or tax implications might be when my investors give me large checks which I deposit into my bank account aft...
Jeff S.
Line of credit
I am looking for a line of credit maybe $30k - 50k but that will increase over time as the relationship builds. I'm having trouble finding a bank to offer a line of credit because a lot of my business is done in stat...
Reece O.
LLC Questions
Hello,
I am not yet in a position to fully use the benefits of an LLC. However, I do plan to use one in the future.
Would it be wise to go ahead and set one up and start building business credit with a secured credi...
Rob Cucugliello
Financial Organization - LLC or not?
Hi all!Hoping for a little guidance here. I am small time but growing. I currently own 2 SFH rentals but will soon have 5 rental units within 4 properties, plus a 5th property that I'll be flipping (to build additiona...
Jessica Parker
HELOC Bank Statement income verification?
Hey BP'ers! So I am trying to get a HELOC on my home right now to use for investing purposes. I was turned down due to my income not being high enough on my w2s. I currently own my own business and have lots of wri...
David Lichtenstadter
I just formed my entity
Hello my BP members, so I just formed my entity
working under a investor and in the future invest myself using this business entity, so here is my question, if anyone could please chime in that would be really apprec...
Linda Sandoval
Questioning a private money lender
Hello from Houston, Tx. I have reached out to a private money lender for the first time. Being the first time, I am really skeptical, I don't want to be scammed. For those who have experience or are private lenders ca...
N/A N/A
Mortgage Lender from California
hi, i am Midas from northern california. i own a mortgage firm called Midas Financial Group with 50 state lending and 13 state real estate capability. i got into this business by accident due to a near fatal injury an...
Shedrick Archangel
What documents should a hard money lender request?
What are some of the documents that hard money lenders ask for to fund a deal?
David Zuber
LLC for Money Seperation?
Hi Everyone,I am about to close on my first rental property in a about a month. My business partner and I have been discussing getting an LLC and opening a bank account under the LLC in order to keep our personal fina...