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Updated about 8 hours ago on . Most recent reply

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122
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70
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Justin Johnson
  • Fort Smith, AR
70
Votes |
122
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Real Estate Banking Structure

Justin Johnson
  • Fort Smith, AR
Posted

I am curious about how people who are already investing (and have been for a while) structure their bank accounts. As always, I will talk to my accountant and bank(s) when it comes time to get it all setup. I used to think that having a separate bank account per property was the way to go, then I thought that might be too much, but I recently read about investors who have a separate bank account for each of their properties and 3-5 properties per LLC (I'm not setting up an LLC *yet*).

For a beginner, what is a good structure?  Is it hard to transition from that structure once you are a more advanced/seasoned investor?  Why is this a good structure?

Thank you!

JJ

  • Justin Johnson
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