All Forum Posts by: Chuck Dangar

I've be working on the BRRRR and Rental Property calculators and was wondering how I would calculate a property using a HELOC where the draw period is different and there isn't a down payment. Is there any way to accurately estimate with any of the calculators? Thanks!

I'm facing the same issue @Ross Flaharty It would be great to have a HELOC calculator too!

Thank you @Lukasz Boczniewicz for this.  I just need to find out what a promissory note is and who/how I would secure it.

If you have a business account your using to purchase single family homes and you want to also use a HELOC that is tied to your personal residence to purchase properties, how do you use the HELOC to make purchases for your real estate business and not cause issues or raise flags with personal monies and your business monies?

I just received a labor law compliance notice that states that I need to post a poster up for employees.  If I am a one person business (me) do I need to buy this $95 poster.  The way it looks makes it sound like I have to buy it!  Seems rediculous to me.  Anyone?

@Basit Siddiqi when you say label the amount do you mean just on a spread sheet or with the bank transfer?  Thanks!

thank you @Basit Siddiqi

@Bob Floss II By Write a Note do you mean with a lawyer?  I'm not sure how this process works?

@Christopher Phillips buy and hold. 

I set up an LLC and now I'm about to open a business account with the LLC and EIN#. I'm doing this to try and separate this business from personal everything if possible and now I'm wondering how I get the money I've saved from my personal savings into the business account without there being any connection. I'm planning on transfering it from one bank to a Credit Union. How would I do this? Thanks Yall!