When we Buy a Rental Property Through an LLC, do we have to use our LLC business (money) checking account to transfer the fund to buy the property or we can use our personal checking to fund the property?
I’m wanting to BRRRR, but how much of my personal money or savings do I need to do it?
Investment Info:
Single-family residence fix & flip investment in Sacramento.
Purchase price: $153,000
Cash invested: $50,000
Sale price: $290,000
House info:
3/2 1000sqft. 2/1 main...
How to know if lenders, met thru BP, are legit
I am getting close to having my first deal ready to go. Its a rehab+hold and rent. I have created a LLC to hold hte property in. I need a seperate bank account to manage money in/money out. Should I open up a busines...
Situation: Business checking can not afford HVAC replacement. Ask: What are your suggestions in this type of situation? What did you do if you were in this type of situation? Background: I have a rental property in Wi...
Four years ago I purchased my first rental using conventional financing. Purchase price was $30,000 so the downpayment was $6,000. Wednesday December 18th I refinanced my portfolio for $400,000 which gave me $85,000 o...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $70,000
Cash invested: $12,000
Sale price: $130,000
Handshake deal. Initially going to be buy&hold, althou...
I don't want to do the leg-work flipping houses any longer, but I enjoy being in the game.I would like to setup a system where I would Joint Venture with an active flipper for a few projects each year. I am sure there...
Hey all, Very new here and I apologize for asking newbie questions. Say my partner and I have an LLC with investment funds in the account. Is it possible to get a loan under one of our names to purchase a home but use...