Scott Horman
SDIRA loan to single member LLC?
What are the restrictions around loaning money from a SDIRA to an LLC that I am the only member of? Does it change if the LLC has multiple members? I understand that interest paid on the loan will need to go back into...
Account Closed
Meeting a local RE success story
I want to share with others here on BP a little about a local BP member that I'm getting to know. His name is Dale Osborn.
I met Dale on Bigger Pockets. I remember reading many of Dale's posts and comments and felt...
Steven Chang
Business Accounts Affecting Credit Score
Should I be concerned that opening accounts (credit card, checking, savings) for a business could affect my personal credit score? I have 700+, but it could lower my chances of approval or increase my interest rate fo...
George Carrasquillo
Charles Lee/ Realty 103 LLC
Hello, fellow investors!I feel compelled to share my experience with Charles Lee and his business, Realty 103 in Birmingham, AL.After we were unsuccessful in closing the deal Charles and I had agreed on: we cancelled ...
Jeff Castro
Anyone heard of this Aven company? Thinking about their CC
Thinking about their Heloc credit card specifically. They are saying it is faster process than traditional heloc and no appraisal needed. Any of you guys had experience with this company or the credit card heloc?https...
Tony Tibbar
Mileage tax reduction
Currently mileage is 58ct/mile. A] Does that include everything (gas, repairs, etc)?B] Does the LLC need to own the truck to deduct this expense?--- If not who deducts the mileage? ------ B1] The LLC (and passes it on...
Patrick Philip
How should I target my wholesale leads?
I just got about 400,000 leads of absentee owners for $185 from 8 different property appraisers. The owners mailing addresses are all over the country and even in to Europe, China, and Africa.How should I choose? I ca...
Cole Steele
LLC, Personal Corp., or what?
I am currently considering buying my first rental property. I just read chapter 16 (getting ready to close) in "The Book on Rental Property Investing" and it talks about keeping a checking account for rent and a savin...
Joshua Daniels
Trying to avoid scams from private money lenders
Hello Bigger Pockets, Is there a way/process how you can funnel out scammers when it comes to private lending. I personally need funding to start buying properties which I will be working with hard money as well. I ha...
Ed W.
Loaning Money to an SDIRA
Scenario:
An SDIRA owns a property.
The beneficiary of the IRA wants me to loan money to the IRA so that the property can be rehabbed.
My understanding is that the loan to the IRA has to be non-recourse.
My unders...