Jason Turo
Checking account - obviously separate personal from business
What are the risks / potential liabilities if we operated an LLC for rental properties but used a checking account strictly for business purposes in our personal names? We would obviously not use this account for any...
Joshua Ostberg
A Local Personal/Virtual Assistant
I am a rookie in the Real Estate Market currently residing in the Bryan/College Station,Tx area as well as wanting to eventually become an investor. Currently I do not have the funds to obtain my RE License and was br...
Bryan O.
App for Tracking Finances (Mint, Personal Capital, etc.)
I've been reading about apps for helping to give quick overviews of my finances. Many people use Mint, and now it seems there is a more advanced and useful product called Personal Capital. The thing that has me stumpe...
Sam Valme
How to unlock a HELOC
Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...
Kyle Shepherd
Super confused on 30-year mortgages . . . ?
Hey folks - I am a noob, and I am confused. I have not done my first deal, but I am always looking at properties and crunching numbers. (I have not done my first deal yet because I am behind the game when it comes to ...
Account Closed
Credit Cards for Seed Capital
Has anyone ever used a personal credit card for Seed Capital to use on construction for a flip? Curious your thoughts?
Jennifer Umbaugh
URGENT: Self-direct IRA to loan money to LLC where I am sole MM
URGENT QUESTION. House under contract, two weeks to commit. Can I set up a self-directed IRA to loan money to an LLC in which I am the sole managing member? The LLC Purchases homes, renovates them, then resells them....
Joseph M.
Uber founder Travis Kalanick is now CEO of a real estate company
Thought this was pretty interesting . Will be interesting to see what happens with this company as it just has 15 people now . He’s definitely a controversial guy but did amazing things growing Uber.
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Uber founder a...
Shera Gregory
Entity classification for LLC where SD 401k trust is the member
I am planning to create an LLC with the Solo 401k trust as the member to provide liability protection when I purchase real estate and some separation of assets within the 401k. Should I elect something other than the...
Timothy J.
Looking for first rental property - best financing process
Hi,I have completed one flip and am now looking to purchase a rental property in the Lancaster, PA area. This would be an out-of-state property. I am prepared to make a 20% down payment but am a little bit confused ab...