Isaac Curiel
Accepting Venmo, Cash app, square as methods to pay rent?
What are you’re experiences accepting those forms of rent payments?I am almost done turning my primary residence into my first rental and was thing of accepting those forms of payment ( plus a service charge). Or do I...
Sean Jafari
capital contribution to my S corp
I listened to my real estate agent and opened up an S corp few years ago, since then I have purchase a few rental properties and was able finance a 2 of them and purchased the rest in cash. is financing/buying a new ...
Patrick Nuciforo
Taking out money from LLC Account
Fellow investors. I own 3 properties right now in my perosnal name. I do have a seperate bank account for those 3 properties (3 properties share one account) that is not linked to my personal account.Question is when ...
Claude Hodge
Start-up capital deduction?
Hey everyone! Been a while since I was on. I want to know what to expect come tax time. I started my L.L.C., and have a business checking account for it. For the entire year of 2009, I have been and will continue ...
Isaac Blocher
Borrowers that do not want to close at an escrow office.
Hi BP, I have a borrower that is acquiring a property through a non-performing loan. They are buying the loan and foreclosing to own the property. So initially instead of giving me a deed of trust, they will give me a...
Kim Lisa Taylor
Embezzlement Due to Financial Stress During Coronavirus
Don’t let your syndicate become a victim of embezzlement due to economic hardship during the coronavirus pandemic.You need pay careful attention to money in your syndicate and the people with access to it. When people...
David G Vreeland
0% Interest Business Credit Card (New One Opened Annually
Basic Question: Is there any downside to opening a new business credit card every year under a new LLC as essentially a 0% loan until I have enough for all the properties I plan on eventually transferring to them?Con...
Bienes Raices
Proof of Funds for LLC
For an offer made by an LLC, will the banks accept a POF of your personal funds, or does the money actually need to be in the LLC's bank account at the time the POF is given? Thanks.
Shai Flax
HELOC needed (and really wanted!)
HI BP!
Since I don't have a credit score yet it's really difficult for me to get any loan that is not from HML.
Does anyone has an experiance with getting an HELOC without any credit on their exiting properties (bou...
John Fider
How do you organize your portfolio finances?
Does your entire portfolio go into 1 bank account? How do you know how much money is allocated in each property so as to not use up funds you saved up for rental A, to pay for rental B's expenses? How do you keep it a...