Investing LLC Bank Account

[Max McQueen]

Hello BiggerPockets Community,

I'm kicking off the new year with an exciting venture: I've just established my own real estate investment LLC!

I'm currently exploring banking options that align well with this specific niche. The choices are overwhelming: should I opt for a local bank, a smaller institution, a major bank, or perhaps an online bank? My business strategy is geared towards scaling a large portfolio with a focus on buy-and-hold investments.

Any recommendations or advice from your experiences would be immensely appreciated. Thank you!

[Melanie P.]

Quote from @Max McQueen:

Quote from @Melanie P.:

Quote from @Max McQueen:

Hello BiggerPockets Community,

I'm kicking off the new year with an exciting venture: I've just established my own real estate investment LLC!

I'm currently exploring banking options that align well with this specific niche. The choices are overwhelming: should I opt for a local bank, a smaller institution, a major bank, or perhaps an online bank? My business strategy is geared towards scaling a large portfolio with a focus on buy-and-hold investments.

Any recommendations or advice from your experiences would be immensely appreciated. Thank you!

 Align well with this specific niche? What niche would that be?

 Niche being multi-family properties; 3-4 units and eventually into apartments.

 In that case you should identify which local community banks or credit unions are the primary lenders on those type of assets in your market. Those properties have unique characteristics that your local lender/banker will understand and have greater flexibility with - especially as you build a track record.