DeWayne Mann
Earnest money deposit
I am purchasing a ohio property in my personal name, but want to pay for all expenses through my LLC. Can I use my LLC for earnest money deposit? or will title company frown upon this? Also, does it matter that the ...
Mary Jay
Please help with Funds co-mingling
Hi guys,I have a question for all of you... I am trying to avoid funds co-mingling. So what is the best way to do it?I have a house in an LLC, also I have a property management company.Ideally would be great not to op...
Michael Murray
Can I loan my partner SDira funds to do a flip?
I am partnering with a friend on a flip. Part of his funds will come from my SDira. He will be signing a promissory note and borrowing money from my SDira and paying interest. He will then use this money to help pay f...
Chris Roush
Tax write-offs for creating an LLC
I am working with an attorney to setup my first LLC. Since this is my first business, I'm trying to figure out how to handle the expenses when the 2019 tax season begins. Since I had to start the LLC with my own perso...
Julian Buick
Commingling funds
If I make a loan through my SDIRA to an LLC for a fix and flip, can I also make a loan to the same LLC using my private funds? Or is that not allowed? The LLC would manage the whole rehab. I would have no involvement ...
Pete Schmidt
Pecan Grove Flood House
Investment Info:
Single-family residence buy & hold investment in Conway.
Purchase price: $75,000
Cash invested: $30,863
Purchased a 2000 sqft 3 bedroom 3 bath home that was flooded in July (owne...
Luke Boff
best way to fund a deal
I have been stuck trying to decide the best way to purchase my first investment property. I really like the idea of BRRRR but funding the deal is what I constantly get stuck up on. I have a decent amount of personal f...
Ari Bachrach
give myself a mortgage and then sell it
I'm the standard BRRR investor doing a refi right now and going through the pain-in-the-neck process of doing a bank refi. I was thinking though - I know many people buy and sell notes. What if I basically gave myself...
Pete Schmidt
Pecan Grove Flood House
Investment Info:
Single-family residence buy & hold investment in Conway.
Purchase price: $75,000
Cash invested: $30,863
Purchased a 2000 sqft 3 bedroom 3 bath home that was flooded in July (owne...
Reuben Dacher-Shapiro
NY State -Security Deposits
I was hoping someone could clarify the law around security deposits in New York. As I understand it, the law requires landlords keep security deposits in interest bearing accounts, IF the building has 6 or more units....