Real Estate Rookie cover image

249: Simple Steps to Start, Scale, and Grow a Real Estate Business in 2023

Real Estate Rookie

00:00

How Do You Deplete Your Reserves?

For properties that we don't have partners on, we just have one reserve account for all of them. And actually, I've even moved money like out of my personal account into it. So you can do it instead of like a owner's contribution and then let yourself get paid back from the cashflow. You could also do it as the LLC owes you that money back to you that it's alone. That's what we've done with my one partner, Joe and one of our LLCs where we both put in some money and we actually set it up as loan payables back to ourselves. We're earning a five and a half percent interest on that money.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app