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Is it best to start investing with a business bank account or can I use my personal bank account with multiple checking and savings accounts?
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I am filling out an application for a business account with my current bank right now and it just occurred to me that perhaps I should set it up at another bank. Is there anything wrong with having your personal acco...
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I have a rental that I purchased with a conventional mortgage. I have since deeded the house to an LLC (with the banks permission). Does it make sense to have the LLC pay the personal mortgage directly from its accoun...
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I am in the process of buying a new home and will be turning my current home into a rental property. Is there any difference in lease terms if I rent to a small company as opposed to a private renter/family? Would I...
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Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...
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Will any lenders allow you to use a personal loan as a down payment?
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A tenat of mine recently moved out and i deducted a large chunk of security. I have been recieving letters from him about how he wants it back, blah, blah, blah. He was sending the letters to my p.o. box but on the th...
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Hi everyone,I am about to go into contract on a 5 unit property with a family member who is a "disqualified person." Now as I understand it's ok to partner with a disqualified person but not to loan money to or from ...
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This is my first rental property I am managing myself. I have had one before but had a PM. In this case, the rental is next door so my tenant is also my next door neighbor. I am finding it complicates the relations...
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howdy,when sending letters out as a part of wholesaling, does it matter if the return address is a PO Box or PMB? cheers!