We have three tenants that pay each month with cash. Prior to 2/1/18 Bank of America accepted a cash deposit directly into our property account. Now the bank will not accept cash unless the person depositing is list...
I've heard from a few people that it is possible to surpass the 10 single family property loan limit if you put your properties into a corporation or s corp which holds 10 or less. I can't find anything to dispute thi...
Hello,
My wife and I have recently purchased our first property, and started our LLC. We have been using our own money to upgrade the property to increase its value. But this limits the amount we can put toward purc...
Hello everyone. So I want to get more organized to streamline communications and the application process of acquiring a bank loan. I have heard the discussion before on the podcast about getting a binder together wi...
Hello, I am looking to purchase rental that will finally reside under LLC and will be using bank financing. What stage of the process(before going in contract, between contract and closing or after closing) is optimal...
Greetings All,I have a 4 unit building under contract and have called a dozen or so banks all of which are only offering adjustable rate mortgages. I will not be occupying the property. I was under the impression an...
HI BPI am lost. I have been self employed for many years and recently now filing taxes for a real estate trust I operate. I do not understand the relationship between tax returns, borrowing money from banks, and limit...
This might be the fastest path to FIRE we’ve ever seen. In just two years, Emily and James were able to retire early and travel the world full-time. They didn’t have a trust fund, some huge inheritance, or a winning l...
This might be the fastest path to FIRE we’ve ever seen. In just two years, Emily and James were able to retire early and travel the world full-time. They didn’t have a trust fund, some huge inheritance, or a winning l...
Hello, BP Community!"Long time listener, first time caller" hardy har har... I really look forward to hearing what you all have to say about this one.The backstory: My brother and I are best friends and great business...