Jessica H.
First-Time Landlady: How to collect rent from cash-only tenants?
Hi everyone! I'm so happy to be posting for the first time here at BP! I'm a long time podcast-listener and have been reading the forums and blog posts for a while. Also, I'd like to share that I'm closing on my first...
Kal Wol
Do banks lend conventional loan for LLC?
Hello awesome BPsI am about to put an offer on a property after a long period of search. Numbers look good and and I might have to put a bit lower than the asking price, otherwise numbers don't work.I have got the pre...
Christopher Kolasa
[Owner Occ 2plx] Sole proprietorship/EIN for bus. bank & cc account, or wait for LLC
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 ...
Dinesh T.
Security Deposits: Escrow or Landlord/Tenant Account
Connecticut law states that the security deposit MUST be held in an escrow account. When I went to the bank today, they advised me to open a Landlord Tenant account which I believe is not an escrow account. Can someon...
Troy Michaels
URGENT EARNEST MONEY QUESTION
Got a contract accepted by a bank yesterday. they want a fast closing and i originally was under the impression that they wouldnt require earnest money. (they wanna close may 26.) anyway, went to the realtor today and...
Andrew Gschwind jr
Investment loans
Hi I live in Maryland
I wanted to buy an investment property to buy and hold
But I'm not sure who /lenders are lending for investors
Any big bank names?? Or should I try a credit union ?? Any suggestions
Would be ...
Matthew Ladner
Commercial lending based on the property
In Mobile,AL area. Looking for any recommendations on banks that will finance mostly based off of the commercial buildings output rather than my personal info. I'm 22 and recently out of school so I do not have the mu...
Sean Dougherty
Junior lien payoff
Not sure I am posting this in correct forum.I am buyer in this situation:My seller just went through a divorce and husband is not cooperating. Both names on title. Wife now has court approved authority to sell without...
Tatiana C.
Should I open a Business bank account when flipping?
Hello my fellow investors,I'd like to ask your opinion regarding bank accounts. At which stage do you guys think I should open a business bank account? My plan is to flip houses and wholesale deals. I am in the earlie...
Danny Kitzinger
What's the best way to to transfer your STR into an LLC?
I am closing on a property in Desert hot Springs next month as a vacation home (10%) Ideally, I would like to put this property into an LLC for liability purposes. Has anyone done this before?Should I focus on closing...