Hari Narayanan
Opening bank account for my LLC - how to choose bank?
Hello,I have setup an LLC for acquiring my 1st Bay Area property (East Bay). I am going to follow BRRRR strategy for the first deal.I am looking for a bank/credit union for my LLC. I am wondering if I should choose a ...
Joe Sohat
HELP: Left corporate; starting company. Need to rent in new city
Hi,My question is about how to successfully pass a rental application when starting your own company.I recently took a Leave of Absence from my corporate job in order to found a company...some time has passed and I no...
Account Closed
Tax Deductions
Are the books and membership bought from either BiggerPockets or any other site considered tax deductible if you are using the books to help educate you to build your business or entity?
April Benard
BRRR Strategy- Refinancing with a LLC vs. Personal
Using the BRRR strategy, will I have any issues refinancing if the property is assigned to my one-member LLC instead of my personal name? The LLC is less than two years old so I'm 100% sure I will need to use my credi...
Zlata Ishk
LLC Or Sole Prop
Hello. When purchasing my first investment property, is it better to create an LLC or go with sole prop? Also, are banks more likely to lend to businesses or individuals? Thanks for your feedback.
Brandon Paul
Buying in an LLC and bank accounts
Have a LLC and want to buy through it. Do you have to have funds in an business LLC account for the LLC or can you show personal funds and submit to buy in the name of the LLC.
How do you set up your accounts since ...
Travis Campbell
Run rent money through LLC bank account?
Hi all!We just opened a LLC for our rental property. I have a quick question regarding the LLC bank account. Of course this is where I keep the security deposit from my tenants. I use Venmo to collect rent. Do I need ...
Norma Wallace
A Note Question To This Forum on Why...
I know for a fact from the last Call Report on a bank I have located, that they have $109,000,000 in non-accruals. I also know they have the reserves to cover selling these assets. I made contact, (I thought) with t...
David Stone
Average rates for commercial loan for 12 unit complex
I am looking at purchasing a 12 unit apartment complex for about 250k. 10/12 units are occupied and the units rent for like $450/month. Was curious what the average interest rate would be for this sort of deal. And wh...
Kevin Hassold
LLCs and Real Estate Investing
Should I create an LLC to buy my first rental properties under? Are LLCs necessary for real estate investing? I plan on growing my properties each year and want to keep them under the same LLC and grow the company whi...