Corey W.
Lender requiring Comfort Letter
I'm in the process of purchasing my first duplex. This is one I'll be "house hacking" so I applied for an FHA loan and made an offer on a property. However my lender is now requiring a comfort letter from a CPA. My re...
Bienes Raices
Something to think about before using small, local banks
Thanks to the advice on this forum, I was able to get a cash out refi from a small, local bank in my area when no one else would consider me, which was fantastic. Subsequently I opened a bank account (in my LLC's name...
Eric Hipolito
Creating LLCs, structuring growth and/or hiring outside companies
I have my first rental property under my name and I know I need to transfer it to an LLC asap. But now, I've fallen into the rabbit hole of creating LLC's, structuring investment portfolios, protecting assets (holding...
Abdul Azeez
Using IRA money for Real estate investments
Folks - as a working professional with 401k with current employer and IRAs from previous employers do I have the ability to redirect some of the money into real estate investments or is this mostly only for self emplo...
Chris Schoonhoven
Self Directed IRA Companies & Roth tax implications
I've started looking into a few SDIRA companies and just wanted to ask to see if anyone has experience with these companies or if anyone has any suggestions for another SDIRA.I'm looking at Quest, Advanta, and Cama. R...
Virginia Jones
direct deposit for monthly rent from tenants
i have a tenant that wants to pay me monthly rent through direct deposit. this would be going into the rental checking account for that specific unit. is it safe for me to give the tenant my routing and account number...
Peter Sik
paying echeck for property management, SAFE?
Is it safe to use eCheck? PM is asking for payment, and one option is eCheck. Otherwise they charge like 3% for credit card.I am wondering if someone use my bank account number and router number there, they can do wit...
V Krishna
Insurance for Rental Property on LLC with 3 Members
Hello - I bought a rental property (single family home) on my name and would like to transfer it to an LLC with 3 Members. This is in the state of Texas. The members are myself, my own brother and a best friend. The i...
Chris Lucas
LLC on title but personal mortgage?
Hello!I have seen some posts around this topic, but nothing that definitively answers my questions.I just talked with a lender that will provide a loan in my name, even if the title for the property holds the name of ...
Steve Sprowls
Self-Directed IRA companies
I've looked at six different companies and the fees are all over the place. The cheapest so far is Sunwest Trust. Their annual fee is $225 regardless of the number of assets. Their application fee is $50.
Am I gett...