David Y.
Self Directed Roth IRA
Hi Everyone, Good day! I am a newbie here and I was wondering if anyone knows a good institution for the self directed IRA account that would allow REI later on. I heard that some institutions allow it and some don...
Nelson Del Castillo
Language in hard money ACH Form.
Happy Holidays Everyone.... I’m currently working with a hard money lender in Connecticut to fund a deal. On there Authorization for direct payment form, it states the following, “I authorize my bank to accept and to...
Ricardo Hernandez
Should I use a bank with no branches in my state?
Hello. I am new to real estate investing, and had a question about banking for my business. Does it matter if the bank I use does not have branches in the state I am in? I already have a personal Capital one 360 ac...
Mike Jones
EIN# for Property LLC under a Holding LLC
When you have a Property LLC owned by a single member Holding LLC, how do you obtain an EIN# for it? Do you apply for the EIN# using your SSN as the member and owner of the Holding LLC or you obtain it by using the H...
Bola A.
Using HELOC to buy a new property
Hello BP,
I thought that I can use my HELOC for down payment. I am in the middle of getting a loan, I was told that I can not use my HELOC because it will be a borrowed money. Can someone explain if I missed somethin...
David Wilkes
Family Loan w/ Single-Member LLC Question
Hi All!Brand new to BiggerPockets and am hoping that someone out in the forum community may be able to provide a bit of guidance on an interesting topic for me. As a bit of background, I'm a resident of New York stat...
Johnathan Norman
Banks not wanting note investor accounts
Not sure anyone else has run into this but I wanted to share. The books I've read didn't mention this and its becoming a bit of a pain. It seems many banks simply do not want business accounts with LLCs holding notes....
Sean H.
Solo 401k intermediate suggestions?
I need to open one up before the end year. A quick search yielded me mysolo401k.com. They charge 425 to start up an account, and 125 a year for maintenance. I will probably start doing the maximal 57k contribution for...
Sara Klaus
LLC - "Doing Business in California"
We are purchasing our second investment property in Hawaii. Our first property in Hawaii is owned by "Property 1 LLC," which was formed in Hawaii. This is a multi-member LLC. We live in California, and self-managed th...
Chris Williams
Syndicating, Marketing to Self Directed IRAs
We just spent the majority of our capital on an apartment complex and are now starting to look at syndicating and raising funds from self-directed IRA's. As I have been researching this, I have come across some infor...