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...
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...
Pros and Cons with this type of financing for investment cash out refi
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...
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-...
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...
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 ...
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...
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...
Novice trying to navigate the finance maze?