Sandro Hagenbuch
Foreign Gift Tax in New York?
Hi all,My wife and I are looking into buying our first home and have the following question for New York City (where we currently reside) / Jersey City, NJ (where the property is located) :- I understand that it depen...
James Masotti
Paying contractors via wire transfer
My contractor is asking for payment via wire transfer. Is this common practice for investors? I don't have an issue paying the fee on the larger draws to make sure he gets paid faster (I'm an hour away and sometimes t...
Mikey Grabon
Assignment of mortgage
So I need some help with understanding assignment of mortgage. Why would I see assignment of mortgage being past around like a hot potato? Should I worry about bidding on this house? Plus I see on the doc adjustable r...
Nick Scalero
Best Business Bank
Can someone recommend a good bank to open a business checking account? I recently moved my cash into a self-directed IRA with checkbook control and am now looking to put the fundssomewhere I can get to them.
I'd lik...
Jeremy Marek
Did you have to co-sign for your LLC?
On your first deal that you need traditional leverage, did you all have to personally guarantee the loan? It seems like most every bank I talk to wants me to personally guarantee the loan, since the LLC is new with no...
Nicholaos Koufoudakis
Separate Bank Accounts Per Property
HI all, I had a question about bank accounts and what is the best way to manage this. I have chosen to go the LLC route for each property and was told the safe bet is to open a separate bank account per property to ma...
JAY SHETH
LLC as Rental property Manager only to showcase as business income
Hello,I am rookie who is ready to make my first primary home as a rental property. I will be moving out of my primary home and make it rental house. The deed and mortgages are on our personal names. I have few questio...
Josh Chamois
Who has the best rates for HELOC's, Banks or Credit Unions?
Hi All,I'm looking into getting a HELOC to help jump-start my RE investing career. Is it better to use a Bank or Credit Union?Thanks!
Markese Williams
Ways to establish credit for new business LLC.
I'm about to start my first LLC in Illinois. Any tips on establishing business credit conventionally and creatively will be great. Any info on trusting HML's will be greatly appreciated also. Thanks BP Family.
Eric P.
Low fixed-rate Conventional Mortgage to LLC
Quick background for those who are new to REI: For liability purposes, it is generally preferred to hold real estate in an LLC (so if you're sued, creditors can't touch your personal assets, e.g., savings acct, primar...