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Updated over 5 years ago,

User Stats

160
Posts
34
Votes
Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
34
Votes |
160
Posts

Separate bank accounts for each flip LLC?

Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Posted

For those of you who open a separate LLC for each flip property, do you open a separate bank account for each as well?

If so, do you close the account after the property has been sold? Do you open credit lines or anything like that? I'm leveraging credit cards to pay for materials on my flips and was curious how that would work.

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