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Updated over 6 years ago,

User Stats

9
Posts
3
Votes
Daniel Spear
  • Specialist
3
Votes |
9
Posts

Best Commercial Banking for Real Estate Syndication

Daniel Spear
  • Specialist
Posted

Hello:

Are there any recommendations from the group for the best bank to set up a business account with?.  I am looking to mostly do real estate syndication while also possible wholesaling some smaller deals that I might get through direct mail but won't have the ability to execute. I do a lot of banking through capital one, and they have good products; however, I want to be able to have some face-to-face relationship with a local bankers, as well.

I will mostly be using the bank account for normal business expenses, generally training, travel, direct mail and modest (I hope!) legal expenses. I intend to store money in a savings account from rent and from wholesaling.

I have also heard from a few people that they were able to get a meaningful chunk of cash ($3,500) when they opened an account to start their house flipping business. If anyone knows the trick to getting an early infusion like that, I am all ears!