So I just purchased my first rental. I was curious should I open a separate bank account for this property/ future properties in the and keep it seperate from my personal at this time? I’ve bought this property in m...
Hi All, I always delete the applicants files and personal info after I have denied the application. Would it come back and haunt me one day if someone files a complaint claiming that I unfairly reject his/her applica...
I am looking to purchase a buy and hold investment rowhome in the Deanwood neighborhood of Washington DC. What are folk's recommendations for forming an LLC to buy the property vs. buying it in my name, keeping in min...
Does self managing a rental that you own under a LLC make it easier to pierce the corporate veil? With self managing, I mean you personally interact with tenant, collect the rent, personally make repairs? Or will you ...
I just closed on my first property a triplex in Peoria Il, but i currently live in Georgia. I’m struggling on how to set up my bank account for my investment (s). I know i cannot use my personal bank accounts. Please ...
I've been in business for 2 years, and have reached the point where I've consistently been remodeling at least 2 homes at any given time. My average is 3 homes being remodeled for rental or flip at any given time. Tha...
Hi. I'm a new member from Las Vegas. I'm at the beginning stages of my investing (love the podcasts) and was wondering if any veterans out there had any 'Tax Hacks'.I've considered getting a separate credit card just ...
Hey everyone,I have one multi-fam rental that I am planning to move out of my name and over to an LLC. Does anyone have some pros and cons to doing this? I know some of the pros, which is why I'm doing it, but I'm thi...
I'm a contractor and currently building two houses on two lots that I own outright. The goal is to keep these for rentals.
I currently own the land personally and am funding the builds with a combination of HELOC and...
I keep hearing about "piercing the corporate veil". Since no bank would do business with an LLC back in 2011, I had to buy my rental in my personal name including title, mortgage, and leases with tenants. I'd like to ...