I formed an LLC to purchase a rental house. On the Business Privilege Tax form assets and liabilities are entered. Since these funds were not earned by the newly created LLC, is the money used to fund the purchase co...
Hi BP Community,
I'm in the process of setting up an LLC and have questions regarding the initial funding of the LLC. The plan is to purchase a property under the LLC but in order to do so, I assume I would need a se...
I'm actually working with a 8 year old finance company where we specialize in helping clients repair their credit to 750+ in 35 days or less with no out of pocket expense.We also help with personal and business fundin...
What is the best way to invest in properties without constantly using personal cash or best options for securing loans
If I were to get a personal loan for my single member LLC, could I deposit right into my business account? Also, is the interest a tax expense then? Thanks.
Hey BP Family, I feel like this is a really simple question/solution but I can't wrap my head around it. I started separate business and personal accounts for clean book keeping. I invest in SFH and small MFH. As I ne...
Hello,My question is how to decide which source of funds to use for which part of the investing process. If I have saved roughly $15-20K of my own money and have about $60K in a HELOC, which should I use first? Should...
My current goal is to scale.I would like to send money from our personal account into our rental account on a monthly basis to let the cashflow and personal funds accumulate. This money would then be used to purchase...
Hi All,
Looking for advice on the next steps regarding loans. We maxed out at 10 personal loans, with one title that is free and clear. Will anyone give an 11th personal loan? Do we need to switch to commercial loans...
I have been thinking about this for a while. Please keep in mind that I am NOT thinking about doing this but am just curious as to how this is enforced. If I have 100K in my SDIRA, bought a property for 90K, paid 10K ...