Pedro Morais
Distributions from one LLC to another
Hi BP,Can you make distributions from one LLC bank account to another LLC? In other words, if I have a surplus of money in one LLC account and the other LLC has need of capital for construction, can I transfer from on...
Gregory Cottarel
How? -- Transfer Ownership To LLC (Triggering Due On Sale Clause)
Hello BiggerPockets Family,
Myself and 3 buddies recently purchased a duplex in Cheyenne, Wyoming as a buy-and-hold investment.
The property is currently owned by us 4 personally.
We would like to transfer the own...
Sophia Berry
Hiring a Construction Superintendent
Hello all,
Just a recap on what I am working on. I have bought 3 lots in a subdivision and only weeks away from completing construction on the first house. Everything went okay on the 1st home just few minor bumps...
Greg Cannon
Mortgage written off?
Firstly, i want sure if this is the proper forum to ask this question.Also, please pardon my ignorance with regard to these topics, I've only purchased 1 home so far, and am trying to assist my wife and her father.My ...
Javonn Musgrove
The Realtor/New Investor Relationship
Hi BP,I’m a new investor who started my journey January of this year. My dad/mentor/private lender has walked me thru my first rental property purchase. Each time I asked the right question he offered further guidanc...
Luke Carl
Separate Bank Accounts?
Right now I have 2 vacation rentals and one long term rental. Each has a separate bank account. After some research I've decided to consolidate. Should I put all 3 houses in one checking account (mortgages maintenance...
Igor Komerzan
Do i need a contractor for my fix and flip (Massachusetts)
Quick question:Does anyone know what the laws in MA are regarding doing your own work on fix and flips, and when its mandated to have a licensed contractor? My father has been on the carpentry trade for almost 20 year...
Account Closed
Rental Applicant Refuses to Provide Credit Bureau with his SS#
seriously now.. i thought i was being mutually discreet by NOT requiring the SS# directly on the application, nor even charging an application fee, for my own properties (as opposed to properties i PM for).but one of ...
Lamontis Gardner
Single Member LLC vs Multi Member
Me and my wife have set up an LLC, and while applying for the EIN I was prompted to switch to a multi member LLC. Being that it's just me and my wife, should this be an option for us or should we run it as a single me...
Brandon Combs
1st rental purchase- seeking mentorship
Looking for a little guidance on my 1st purchase in Orlando fl. Looking for a STR but have some hurdles to get over first. Best way to get rid of some personal debt and use my current home equity for new purchase. ...