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Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...
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I think this is the right place...
Getting some of my ducks in a row to dive in.
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...
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Personal info:
I am 25 years old. I currently work full time as an RN, a stable job in my area (rural MN) with fairly substantial opportunity for salary growth. My wife is a dental assistant, also a stable jo...
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Hello,
I am just starting out. Working on my first rental property. Have to make some repairs. I am also interested in purchasing another property that is ready to go with minimal repairs needed to start getting some...
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The wife and I have been looking to get into rentals for some time now, section 8, to be specific. I own a few online businesses and in negotiations to purchase another local physical business within the next month or...
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Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.
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Hey everyone I need some advice on how to structure this flip... so I’m a realtor and have a distressed seller who has a house they need to get rid of. It would make a great flip but I don’t have the liquidity right n...
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Hello everyone a seriously dumb and simple questions. 1. How did everyone determine the name for their business2. Did you already have your business set and LLC before making your first deal?Thanks in advance!
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Hi guys,I need your advice:I have a small rental and having a hard time to decide who to pick:1) First tenant has schizophrenia but his sister always pays on time (the reason I know it is because he is renting a basem...
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I've located a number of properties (I'm new w/ no offers) that are in lower income neighborhoods...a number of which are F&C or very little is owed. If I could acquire one of these would it be a good idea? man...