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Updated almost 2 years ago on . Most recent reply
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How many bank accounts do you have for Long term rental investing?
Hello,
I was curious to see how others structure their bank accounts for their rental property investing. We can all agree that you should have a separate bank account specifically for your investments. I have a different bank account recording all my income and expenses. For setting up reserves or putting aside money for repairs/CapEx, do you create a separate bank account for that as well? I know it could be a preference but I'd like to see how others did it.
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I have a checking account for each property.