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Results (1544)
Lau Cor Putting the investment in an LLC
21 January 2025 | 4 replies

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...

Monica Kovalsky Personal deposits with bank as condition of commercial loan
13 July 2017 | 21 replies

We are working on getting our 4th loan with a bank that we have used for financing some of our multi-family properties.  They are now making a condition of the loan that we move all our personal accounts to their bank...

James E Fraley Jr Bank Statement Loans
11 May 2023 | 13 replies

Pros and Cons with this type of financing for investment cash out refi

Mary Karlecci waited TOO LONG for my LLC Bank Account
27 October 2015 | 8 replies

My LLC "formation date" is September 29th. Today is 3 weeks later and nothing's done yet! Today is October 19th, and1.) my attorney still has NOT finished drafting "Operating Agreement."2.) I still have no LLC bank ac...

Janna Afanasjeva Chicago security deposits - is business account enough?
9 July 2024 | 5 replies

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-...

Michael Gelatt Refinancing my duplex
22 June 2019 | 3 replies

Hi all.  Looking for some advice.  I purchased a  rental property last year that is titled under my LLC. I purchased the property with cash after I took out a HELOC on my primary residence. I first transferred the mon...

Christopher Kolasa [Owner Occ 2plx] Sole proprietorship/EIN for bus. bank & cc account, or wait for LLC
29 January 2024 | 4 replies

I acquired a duplex in December in Massachusetts and owner occupying, regarding setting up a sole proprietorship to gain a business bank and credit account, is it worthwhile to do so or wait to set up an LLC. Current ...

James Smith How to appear 100k Gift to invest in RE
13 November 2010 | 8 replies

Hello Folks,

I wanted to seek advise from the savvy investors here at Biggerpockets.

My father, who lives overseas, has 100k in US dollars that he would like to give me as a gift for me to invest in Real Estate. M...

John Lard 2 year wait on using LLC funds for property
18 October 2013 | 3 replies

Hello,

I am a member of a recently established 2-member LLC. We are looking to purchase our first property using leverage. In order to qualify for more conventional loans, we will each purchase a property w...

Robert E Samuels Financing low income rentals in St. Louis
22 December 2021 | 2 replies

Novice trying to navigate the finance maze?