When trying to obtain financing for an investment property , how do you get around not having seasoned funds in your account.
Who have you had good experience with in the Vancouver WA area.Real Estate AttorneyContractor CPA Escrowany feed back would be greatly appreciated.Elliot Smith
I am a (licensed) property manager with a small Property Management company in CO and we manage approximately 100 units (primarily SFH). For some reason, our bank (1stBank) will not allow ACHs out to our owners (I thi...
Guys, I’m trying to obtain a line of credit, like a HELOC on a rental property I own for renovations. The banks I’ve talked to so far only do a line of credit on a primary residence, or a cash out refi. The property i...
I own 5 small Multifamily properties in OH. I keep the bookkeeping separate for each property. I have one operating account for all of them but I know how much money is attributable to each property. The properties ar...
We will be setting up a Self-directed Solo 401(k), which is similar to but significantly different in subtle ways from a Self-directed IRA, and use it to buy our second investment property. Have you heard of these tw...
The SECURE Act now allows for 529 Plan funds to be used to pay up to $10K of student loans.
Open a 529Contribute $10K and take a state tax deduction. Most states. Distribute funds to pay off $10K of student loans. D...
I formed 2 llcs in 2019. One is for me a partner with a multi family and the other is for me and another partner for a single family. My question is, for tax purposes do we need to do anything else other than just dec...
How difficult is it in the legal aspect, get a loan and maintenance of the property.
So we have set up our LLC and decided on a bank. I want to keep things as simple as I possibly can for tax time. My partner and I have invested from personal accounts on our marketing and supplies already. I currently...