John Woodrich
Wells Fargo changing policy on cash deposits
Just received an email from Wells Fargo that they are changing their policy on cash deposits and will only allow the account owner or an authorized signor make a deposit into a Wells Fargo account. This may pose issu...
Ethan S.
Does This News Mean The End Of the WY Shell Company Benefit?
Specifically, this quote seems to confirm in my mind that creating a WY corporation to own your local state corporation (to maintain privacy and asset protection) is over:“For years, the US — thanks especially to stat...
Chien Chen
HELOC for property owned by LLC?
Hello BP community,I have a rental property in LA under my LLC and I was thinking to tap into its equity for building an ADU in the backyard. The property was bought years ago so its loan is fully paid off already. Fr...
Scott Garber
I have a Cash investor
I have a cash investor that wants to lend me $60,000 but only wants to give me cash, no checks.
My bank said anything deposited over $10,000 must be filed to the IRA, yet my investor wants to remain anonymous.
How c...
Shay Yehuda
Loans for foreign investors with LLC
Lets say I bought a house.Paid 200k$ cash,open an llc, rent it, sign on contract with pay on time tenant and now i would like to move one stap forward refinance this house and buy another one.-I’m foreign investor-no ...
Raj Kumar
Tenant did not sign lease, handed Security Deposit, now doesn't want the place and requesting refund
Yesterday, a prospective tenant called and scheduled a showing for one of my warehouse properties. Since I was out of town, I gave them the lock box code to tour the property. They looked at the property and texted me...
Valentine Sviatocha
Advice needed - foreign investment tax implications
Hi,
I wonder if any CPA can help shed some light on this situation:
If a green card holder with foreign assets want to buy a home in the US, what are the tax implications if he/she transfers money state side for a do...
Ben Capone
Personal Loan for down payment
Hey all, exploring some options for a personal loan to get a down payment on a place I am looking at. Has anyone had luck taking personal loans out for down payments? Or any other good options I can explore? Looking a...
Jefferson Kim
China Cracks Down on Money Leaking Out of Its Borders (How Will You Cope?)
This is kind of an old article from August last year: http://www.wsj.com/articles/china-cracks-down-on-m...http://www.scmp.com/business/banking-finance/artic..."I Surived Real Estate" video forum talked about its effe...
Ike Stephens
Question on Being My Own HML
My wife and I own a few other business, one of which is an LLC that has a lot of available funds. Would it be possible to basically become my own hard money lender by using funds from the LLC to purchase properties (u...