All Forum Posts by: Michael Thomas

@David M. 

Basically just make sure you mark what you do when putting money into an llc and out of an llc. Put you can take out money when ever you want. Also how much does an LLC cost and out need to go to bank to tell them to make a bank account with the EIN number

@David M.Ok thank

One last question if u do have ur properties under an LLC with a separate bank account/business account when the rental money goes in the business account and u set aside vacancy, cap ex, repairs etc what's ever left over which is the cash flow do u transfer to your personal account

@David M. 

Basically just have a separate account to Aline with the Llc for ur rental money and have a bearing savings account for security deposits

I’ve always had this concern do u need a business account bank account  or you can use your personal account bank to do real estate investing. Do u need a create a different account if u put a property under an entity?

I'm from New Jersey and I want to invest in Real Estate in a few years so I just want to know what are the best markets in New Jersey with good neighborhoods, low crime, and a good price for a home. My criteria's are a home price being 240k and below, 3 bedrooms or more, 1 bathroom or more, and the square footage of a home being 1,200 or more. Multi family homes and single family homes. If you invest in real estate in New Jersey and you know the market really well can you please help me. Thank You