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Updated over 4 years ago,

User Stats

61
Posts
36
Votes
Brandon Baker
Pro Member
  • Rental Property Investor
  • Dallas, TX
36
Votes |
61
Posts

Question about Banks and Bank Accounts

Brandon Baker
Pro Member
  • Rental Property Investor
  • Dallas, TX
Posted

Hey folks, I have what should be a quick question. I currently have a bank account for just the business, but now that I've scaled the business I have an LLC, although the account isn't tied to the EIN yet. I have to set up a new account to do so.

I'm less that thrilled with my current Credit Union's service so I'm looking for a new financial institution. I invest remotely...so, should I set up the business account in the market I invest in, or local to me, or perhaps do both? Dave Greene mentions in his books he looks for local lenders then set ups bank accounts with those financial institutions, seems like it could get out of hand quickly, anyone doing that? 

Does anyone have national banks they really like doing business with, or do you stick with the locals? 

Thanks in advance! 


  • Brandon Baker
  • Loading replies...