I am a big fan of Profit First by Mike Michalowicz and have opened many accounts as he suggests to separate profit, tax, opex, own pay, etc. It's much faster and easier to open personal accounts than business accounts...
this is not exactly 100% real-estate specific question, but I'm sure we have the right expertise in the family to answer it. I'm sure I'm be encountering the same situation down the road, might as well prepare ahead ...
Too bad this person's account is closed... This was a very helpful, enjoyable, and informative response... 👍 Originally posted by @Chelsea Cummings:"@Pierre A. I had a consultation call for the mentorship progra...
I have a few homes that are held through an LLC and a few homes that I personally hold title to. Would there be issues with paying mortgages that I hold title to from my business checking account? Or should I segregat...
I'm listening to a Podcast that has someone from Ridge Lending Group on there and it was said that as long as someone has a single member LLC that they own 100% (or if husband/wife each own 50% of multiple member LLC)...
My understanding is that an LLC (I'm looking at Wyoming) doesn't put your personal information on any public record, but an associated business bank account may make ownership/signer information available to the publi...
Newbie landlord here, I’m renting my personal home and current primary while shopping for a new primary. I have an LLC I’ve never done anything with and could push the rental revenue through it or I could just run th...
Hey BP Family, I feel like this is a really simple question/solution but I can't wrap my head around it. I started separate business and personal accounts for clean book keeping. I invest in SFH and small MFH. As I ne...
If you buy a rental property through a LLC, can you use a personal chequing account to manage this property?
hey hey...I own a duplex in cincinnati that is currently being managed under a property management company (while my wife and I lived in Japan and now have since relocated to Lexington). The house is set up under it's...