Nolan Mahoney
Buisneess savings account or personal savings account?
Hello, Im starting my first house hack here soon and im debating weather i should sign up for a buisness savings acccount or start a separate personal savings account for my tenants to pay rent to. (im using Avail fo...
Ben Valentin
HELOC vs Personal savings account
Hey all, here's my question: A year from now I hope to purchase my 2nd property and use it as a rental. For the next 12 months, should I set aside money in my savings account or just keep paying down my principal ...
Thierry Goyer
Interest on LLC business savings funded by personal savings
HSBC is offering 2.5% on business savings account, they are offering only 1% on personal savings account.Can safely park my personal savings into my One Member LLC savings account - disregarded entity - which owns lin...
Andy K
How to use personal funds to invest using a corporation?
Hi,I have some personal savings and would like to use those to invest in real estate. But instead of investing in my personal name (for obvious reasons), I would like to use a S-corporation that I have formed to do th...
Will Carpenter
50k saved, own a personal residence
As the title states, I have $50k saved and ready to invest and have a personal home with 3% interest rate loan. My market has a high cost of entry so my initial thought is finding a market with a lower cost to enter....
Matt Giordano
Line of Credit vs Personal Savings
Hi everyone 1st time rental property investors.After much research our next step is trying to determine which option would be best for funding the 1st deal!Scenario / 1. We own a mortgage free property that has at lea...
Account Closed
Using personal savings to start business
Hello,My husband an I started in real estate flipping houses this year, we already had a corporation from a previous business so we are currently a corporation. We used our personal savings to buy our first property a...
Jeremiah Hammond
BRRRR Financing, Homes Equity or Personal savings
Hey everybody, I am a newbie investor and I have a question. So right now, I am looking to get my first BRRRR deal underway. I am currently living in a Duplex that I have owned for just over a year. My question is sho...
Mike Rosso
Best way to finance my first rental property
Hello BP community. I'm looking for some advice on the best way to finance my first rental property. The property I'm looking at is currently on the MLS priced around 100k. The unit is already rented an does not requi...
Hamp Gaston
Question about paying off property.
Group, quick question. I am getting ready to payoff a property. It is in my name but I quit claimed it (as soon as I bought it) to my LLC. Would it be considered co-mingling of funds to use funds from my personal savi...