Alex Zuroff
Starting Out Nuts and Bolts - Checking account
I understand that I need to have separate checking/savings accounts for my REI activities for a variety of reasons. If I'm not going to be using an LLC to start, does that account need to be a true "business" account,...
Daniel Ortiz
Reserves - How much cushion do you need?
Hi All, My goal is to purchase a multi family rental in 2018 and house hack it. I'm curious to know how much you all budgeted for reserves when you purchased your first deal? Would you take your 401k into consideratio...
Account Closed
Am lost on taxes and accountant seems too busy for me
With year end getting close I am trying to figure out what to do with my businesses to minimize my taxes. Cash is king. Can someone please help me. The online tax calc seem to not line up with my calculations.
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James Zobrisky
What to do with Cash Flow
What is everyone's best advice for where to store your cash flow. I currently have a single family property averaging $330 a month in cash flow which is going into a basic checking account seperate from personal. This...
Jackie Smith
This company is MESSED UP
On or about February 1, 2020 we applied for business funding with Seek Capital LLC. Sergio spoke with us in detail and we asked him about the difference between a bank loan and the "revolving line of credit" being pre...
Account Closed
Minimum credit score for a potential tenant?
Hi everyone, just closed on my first property and now we are up to screening tenants. I have two sisters interested with a 545 credit score and a 485 credit score. Otherwise no red flags. Can anyone help with some ad...
Shiloh Lundahl
Investing Using Credit Cards: Good or Bad Idea?
When I got home last night I opened the mail and, like most other nights, received several credit card applications. Here are two of them:I have successfully used credit cards such as these in the past to buy real es...
Christian Cody
Looking for creative ideas for lending
Hello BP family! I have a slight issue with my first REI. I have plenty money in my account and money aside for a down payment on my first property. The area I am looking in is mainly old properties (1800's) and would...
Daniel Patton
Corporate Veil
I know part of maintaining a corporate veil (LLC is my case) is to make sure you don't use business funds for personal use, but is it ok the other way around? i.e. using personal credit cards/bank accounts to fund bus...
Account Closed
No Fico score renter =585 Fico more or less?
How do you equate a potential renter with no fico with a low fico potential renter? For me anyone with a fico below 560 is probably a life long deadbeat, and anyone with no credit file, probably is also a dead beat, b...