What Bank is Best for Real Estate Investing?

[Matthew Gardner]

Hello BP,

I am on my way to closing my first real estate deal (out-of-state)!

I plan on opening a new bank account for ease of tracking P&L. Does anyone have recommend a specific bank that I should use and if there are any benefits choosing one over another?

Thanks! - Matt

[Ramon Flores]

@Matthew Gardner I suggest you find a bank that you can build a relationship with in the future. At some point you may want to open lines of credit and ask for a loan. Perhaps a credit union or a community bank. I would make appointments and find out how if they are friendly to real estate investors and if they do their own loans. This will help you when you are looking to grow your RE business.