Mary Jay
Is it ok to pay mortgages from the property management bank account?
Hi guys,I have a property management company that has a separate bank account and all of my tenants deposit the money into this account. Lets call it "Mary's Property Management LLC"Is it ok to pay mortgages from the ...
Has BiggerPockets Money become too focused on FIRE (financial independence, retire early)? For the past seven years, we’ve been bringing you shows highlighting the journeys of those who left their jobs to enjoy early ...
Dustin Davis
New Home Purchase
Hello Everyone,I just got under contract with a house with my significant other. We are in our due diligence and have already locked in our rates. The only problem is that the closing costs and escrow is higher than w...
What should you do if you suspect financial infidelity from a partner? Money is a taboo subject in many marriages, and it doesn’t help that some spouses take a hands-off approach to personal finance. As you might imag...
Stephen R.
Partnering solo 401k with Hard Money and prohibited transactions
I'm looking to partially fund a fix and flip using money from a self-directed solo 401k. My thought is to purchase the property using hard money and then fund the rehab, which exceeds the purchase price and current va...
Alyson Wolfe
Transferring money into and out of an LLC bank account
Hi- I have recently formed an LLC with my partner at the request of a hard money lender in order to get a loan, they also want to see my personal funds in an account under the LLC. If I transfer my personal funds into...
Yaritza Rivera Serrano
Questions about profit after flipping a house
I bought a house using a personal loan. My partner and I flipped it and sold it. We are splitting the profits but he said that I can’t get the money I paid for the house using the personal loan plus the monthly paymen...
Bret Weigel
Partnership Setup-Splitting of equity based on duties/investment?
Hi all, I had a question regarding partnerships and equity % in said partnerships. In this example Person A would simply be the money guy and a silent investor. Person B would be in charge of finding properties that m...
Bill Mitchell
How to spend money you EARN in an LLC
I am gearing up to set up an entity in the form of an LLC. My question is, when you earn money that is made payable to your LLC, how do you spend it?
You can't commingle funds, so how do you spend the money y...
On today’s episode of the BiggerPockets Podcast, we sit down and dig into the life of a professional BMX bike rider Terry Adams. Outside of his many accomplishments in the stunt bike world (X-Games gold medal, appeara...