Dan Miller
Piercing the corporate veil
If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?
Are there general...
Michael Fenton
Questioning the viability of the Series 65 for accredited status
Background:
I am individual living in Florida who does not work in the financial
services industry, but has a background in finance.
There
are
lots
of articles out there that discuss utilizing the Series 65 as a...
James Krueger
Owner Listed is a Trust - Should I pursue?
I'm finding a few properties in my target area that have a trust listed as the owner of record. Are these properties something I should try contacting the owner(s) about selling?
Senly B.
Should I hold on to a RS 6 Unit Bldg in East Flatbush Brooklyn
Short story. My immigrant parents purchased a 6 Unit building with RS apartments in the late 80s. However, at this point, all of my immediate family members with interest in the building are living out of state. Findi...
Vern M.
Possible to BRRR with HML but witlhout being LLC
Okay, so I read a discussion in a little while ago that hovered around my current issue but I didn't quite get the definitive answer that I was looking for. "Do HMLs only lend to LLC's?" I've spoken with 4 today and...
Samantha Soto
Rule of Thumb for cash reserves?
Is there a rule of thumb for how much cash you should keep on hand per unit? I have set aside 5k per SFR in case of repairs. I would love to hear what other people are doing.
Matthew Sarro
How necessary is a history of personal financial statements for a lender?
Hey everyone. I am reading through the "Real Estate by the Numbers" book now, and am still in the beginning where it discusses personal financial statements.For the past two decades I have been using financial aggrega...
Kevin Phillips
Maintaining your vendor contact lists (your "system" support)
I use TurboTenant to manage my tenant engagement (leases, payments, maintenance, etc).I use Stessa to manage my overall Investment Assets.I have vendor/contractor contacts all stuck in my iPhone and interspersed with ...
Nick Dillaha
Transferring rental to LLC... When?!
Hey guys, newbie here. Just purchased a owner occupied residence (second property - woot!) and have a renter set up for the 1st of January on my first property. I have an LLC set up but haven't transferred the rental ...
Cade Antonucci
What do you use for security deposit set ups?
I am starting to grow my rental portfolio and am looking for online alternatives to hold security deposits. I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a securi...