Gabriel Green-Lemons
BRRR'd a House w/Credit Cards. Now No More 0% interest BT offers!
Hey BP family! I've run into a bit of an issue. I bought & rehabbed a house from 1000 miles away using my personal credit line. Now there are no more 0% interest balance transfer offers available from one of my ba...
Account Closed
Sold a house, but can't cash the check from title company
Hi everyone,My friend, who lives overseas, sold his house in Kansas City and the title company wrote him a check. My friend does not have a bank account in the States (and is unable to open one since he is not a resid...
Tim Adams
Setting up bank accounts
Hey everyone, my question is in regards to setting up bank accounts for properties. I am a new investor who is hoping to jump into my first multi family purchase this year, the question that I have is when buying prop...
Benjamin Cuddy
Landlord security deposit/bank account requirements
Hello all,I am a new investor with one single family property. I will soon be putting my property on the rental market and am making sure I have things in order to do so. Would someone be able to fill me on in what ...
John Perez
How do you know if a cashier's check is a scam?
How do you make sure you are not getting scammed by a fake cashier's check?
Mel Hayes
Refinancing a transferred property. NEED HELP
Hi BP. I have rental property that is owned in a LLC and I'm going to transfer it into my name so I can refi. The rental income goes into my LLC bank account. My question is when the bank looks at granting me the l...
Sophiep To
Transfer duplex from personal name to LLC
I spoke to my lender and he said it would be best to talk to a title company that would transfer from my name to an LLC. He said it was hard to do that versus doing it in a trust. I spoke to a lawyer and does not reco...
Derek Clark
Transferring Deeds and the Due on Sale Clause
I am in process of setting up LLCs to begin the process of getting properties transferred over and out of my personal name. I have 7 investment properties with 1 of those commercial. I setup three entities a resident...
Jotham Busfield
Buying first property within an LLC
I have heard from a few lenders and other sources that banks won't lend residential financing to an LLC trying to purchase a small multi-family home (2-4 units)...that you have to buy it personally, then possibly swit...
Andrew Bissada
Keeping track of RE Finances & Taxes?
I am reading the book "The House Hacking Strategy"
Craig mentions to keep a separate (bank) account for real estate, because it will make it easier when doing taxes.
Can this be an additional savings account? Or doe...