Does anyone know anything about the ability to use the SBA EIDL loan for investment property? Is it allowed?
Complete newbie here. Can someone, or is it wise for someone to purchase a property under an existing S-Corp that was set up for something else? In other words, instead of setting up an LLC, can an existing S-Corp be ...
Today an investor friend told me he had read about new possible legislation stating that a house sold in less than 180 days might be subject to repairs for up to 5 years after the sale.
Has anyone heard about this?...
One of the biggest hurdles I faced as a new investor was the initial overhead costs of creating a legal entity through which to protect myself, as well as the desire to add a sense of legitimacy to my presence. Whi...
I'm interested to know what other's are doing with multiple rental property LLC's and their credit cards. I have three rental property LLC's, but currently only have one credit for one of the LLC's. I'm really no...
Hi BPer,During commercial application process, do you usually put your name down or the name of the LLC/entity on the application when buying the property?
I have recently been trying to get a feel both for what wholesaling is as well as what it takes to begin actually participating in it. I understand you buy basically what amounts to a pre- sold property, but is...
I am in the process of refinancing my first rental property in Wisconsin and the lender I am going through requires I have an LLC because I do not have a W2 income.
My question is what has everyone found to be the be...
I didn’t expect to acquire more than one investment property, therefor it wasn’t necessary to create an LLC. Now that we have 3 properties and want to continue to grow, I would like to transfer investments into our Bu...
Hi BP Team,
I'm in the process of closing on my first rental and I have questions about setting up bank accounts.
I understand we shouldn't co-mingle personal funds so a separate checking account (operating costs) ...