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Updated over 5 years ago on . Most recent reply

Molly Klima's profile image
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Molly Klima
  • Member since Apr 1, 2019
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Molly Klima's profile image
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Molly Klima
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Molly Klima
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Starting Out

2nd personal vs a business checking?

Molly Klima
Posted

Newbie here. Trying to set things up before I purchase my first rental property. The due on sale clause after title transfer scares me so if I'm not using an LLC will opening a second separate personal checking and savings account at my current bank suffice for bookkeeping purposes or is it still preferable to open a business checking/savings account?

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