Jessica Howell
Funding LLC's, deposits and draws
Hi everyone,
I will have 2 LLC's shortly. How can I go about transferring emergency funds between the LLC's as needed? What about depositing personal money into an LLC or drawing money from an LLC to put in a persona...
Brody Veilleux
House Hacking with an LLC
As far as I’m aware, FHA loans are only for individuals. Is there any way to get an FHA loan and transfer it to the LLC? What are the pros and cons of this?
Jason Risley
Looking for a HELOC! Need common-sense underwriting!
My primary residence is worth between $775K and $800K. I'm a realtor so that value should be very close to accurate. I have a first loan at $384K and I'm looking to get a HELOC (home equity line of credit) for between...
Account Closed
Help creating a note for a friend loosing property to taxes
Hey guys,I have a friend of a friend who is desperate because he's about to lose his property because of unpaid taxes (2yrs of unpaid taxes, Texas). I would like to help him and maybe invest my cash in creating a note...
James Otto
Self Directed IRAs used for purchasing properties?
If I roll over a 401k from an old job into a self directed IRA,
Can I take 20K from the IRA and use it as a down payment on a property?
The property will cash flow about 200 per month. Is this cash mine to do as I ...
Jason Hardin
Business or not
I'm a little confused on the whole "should I start an LLC or a business in any form" topic. A lot of people on here say to not start a business right off the bat but then a lot of the information pertains to having a ...
Pat Clancy
Rental cash flow in a sideways market
Hi all,First off, I'm a new member. Looking forward to learning more and sharing some of my insights.I currently have one investment property, condo, generating $1,700/month with a mortgage/HOA around $1,000. It's bee...
Randy Thaler
Possibly relocating...what to do w/ devalued house
Just thought I'd post something to get some opinions from people more experienced than myself. My wife and I are thinking of relocating to another state. In the meantime, we purchased a house a year ago which, from ...
Andrea Weule
Lease Option Tenant filing for Bankruptcy
We have a property in Crown Point that was put into a 3 year lease with option to purchase in June of 2017. The tenant put down $3,000 option and paid $1700/month for the rent. They were also responsible for all uti...
Andy Wayne
Legal Status
Hi Everyone,
I just closed on my second property of the year. And I was wondering for the people with multiple rentals, how do you have them structures from a legal standpoint? Right now, the properties are just in m...