First a quote:
If you have a corporation for `insurance purposes', i.e. so that you can't be sued, forget it. The courts find it very easy to go after the major shareholder of a corporation where that shareholder is t...
I was under the impression that it was OK to use your private lender's proof of funds on cash offers.
A realtor today told me today I was incorrect.
This is a listed REO property.
Thanks!
Hi all!
A friend suggested I network at Bigger Pockets to get my questions answered. I'm a newbie investor with 5 single family home rentals. All were conventional loans with 20-25% down. I just recently disc...
Hi Everyone,Quick question. I heard it is a good idea to have separate bank accounts per property. Is this recommended? Are bank accommodating?Thanks!
I have completed several BRRR's and flips recently and my father is recently retired. He is allotting about $300-400k in a self-directed IRA to lend for my LLC's real estate transactions. I have had a couple recomme...
I have done a search in here and in Google to learn the Michigan rules on placing my tenant’s security deposit in a bank without results. I am a sole proprietor at this point. Can I just put it in my personal mone...
Hi everyone,This past summer I worked with BRRRR to finance an investment property purchase. The experience with BRRRR was not positive, but it may have been the rep, Dominic, that I worked with and not the company. I...
Hi All,My husband and I have done a couple of "slow flips" in our personal names in order to take advantage of the capital gains exemption. We are now considering buying property in Louisiana (with a promissory loan n...
I have recently went through the process of setting up my SDIRA with checkbook status. The bank that is housing the LLC insisted that I have a credit card. Is it a prohibited transaction to use the LLC credit card to ...
Any Texas property managers / rental owners available to help? I have not bought a property yet. In doing research I have learned that I may need to add a step to this process. I may need a Realtor license.My plan is ...