Vidyadhar R.
H1B visa and RE investments
Hi members, as a H1B visa holder I've read on numerous websites that investment in rental properties and RE in general is legal however what's unclear to me is to what extent the visa holder can be involved as an owne...
Kole Kingslien
The Flow of Money in relation to Rental Properties
Hello BiggerPockets community,I have titled this post "The Flow of Money", so it does not get confused with the term "Cash Flow". I have just purchased my first rental property, and am trying to understand how the mon...
Sean McKee
How to use HELOC to fund down payment?
Hi,I am going to be using a HELOC to fund my next property. The HELOC came with two starter checks in the mail I am able to use. How would I actually go about accessing the HELOC funds for the down payment? Would I ne...
Dan Grove
LLC and accounting starting out questions
I have been reading a lot about LLCs and am having a lawyer set one up for me as we speak but there are gaps in my knowledge of the steps to take next. I am investing out of state in pennsylvania. I think this is th...
Cory Nolan
Thoughts on using a HELOC for my first investment
Hello everyone!
I am considering using a HELOC for a down payment on my first investment and I wanted to get everyone’s opinion on this strategy and if it’s a good strategy or not? Thank you!
Sebastian Roy
rental property reserves
Hello everyone, I am curious as to what is the best way to separate/save cash reserves per category for your rental property?
In the biggerpockets podcast episode 193, @Brandon Turner said that for most of his ...
Mark Jurgiel
Opening a bank account for a rental property
I have a 2 unit rental property that's under my name and currently I deposit the rent and pay all the expenses from my personal bank account. Is it worth me opening a business checking and savings account for just a 2...
Debbie C.
Can you use an S-Corp for rental income and expenses?
My husband has an S-Corp that he used for his previous work as an independent contractor (non-real estate related). We both own some rental properties (both our names on the titles) and have always used our personal b...
Ben C.
Question About Paying LLC Taxes
Hello,I have a 50/50 LLC with my spouse. Obviously that LLC income flows directly onto our personal joint return. The LLC has a separate bank account to keep funds separate. The LLC money has been reinvested in anothe...
Lau Cor
Putting the investment in an LLC
Hi all! New investor here on Bigger Pockets. I just wanted to see if I could be directed as to how I can get an LLC for my first rental. Should I just buy the rental first personally and then transfer it to an LLC la...