Bank account for real estate partnership

[Sharad Bagri]

For a general partnership (without the LLC), that will invest in real estate in Ohio, what kind of bank account can we open, like checking, saving or anything else? Can we create a High yield savings account?

What banks would you recommend for it?

[Charles Carillo]

@Sharad Bagri

I would open a bank account at a local bank or credit union that will lend on the properties you are buying. You can do your banking there and begin a relationship with a lender that finances your real estate investments. You can also have a high-yield savings account elsewhere, but a local bank relationship will really help you as you begin to grow.