All Forum Posts by: Terry Miller

You give your parents something for being there. I know you do. I have faith in you.

--Fellow Midwesterner

I was thinking the exact same thought as I was reading this thread. I was asking myself would I tell a client (I am a business consultant) that I thought it was "okay" to accept the rent or any kind of payment into a personal account and transfer it. I would have to say "No" and direct them to something like Cozy.

Even without an LLC business entity, I wouldn't be comfortable condoning transferring into the personal account and not a business account. It goes against basic principles.

That being said, if it were just a stop-gap measure, and not a permanent solution, I would just have to look the other way.

"Pay they cannot, if deleted, their account is."--Grandmaster Yoda

Just the old-fashioned "Buy something, and save for the next thing."

Nothing spectacular.

Maybe change the meaning of the fourth "R" to "Replenish" since you are getting your money ready for your next acquisition. It actually is the original BRRRR in a sense.

#OrangeistheNewBlack

#DiscountRentistheNewRent

I have given out quite a few likes in this thread--just NOT to the OP.

Some people have only seconds to fix a potential problem; you have up to ten (10) years. I have faith you can do it.

You need to monitor interest rates and your credit rating regularly anyway. You may get a chance to refi before the ten-year period.

"Bogleheads is the BiggerPockets of index fund investing."--Terry D. Miller, MBA

Bank search - New Jersey

Seek, and ye shall find.