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Updated 3 months ago,

User Stats

12
Posts
8
Votes
Tiffany Da Silva
  • Lender
  • Florida
8
Votes |
12
Posts

Advice needed on real estate LLC business banking & Organization

Tiffany Da Silva
  • Lender
  • Florida
Posted

Hello All,

I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)

I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for easy bookeeping, to help keep everything separate legally, & to produce income on the money sitting in the accounts.


I can only explain my ideal thoughts in a graphic design so i will include that here:

Does this make sense in order to maximize profits & keep things organized? 

Few notes: I will not touch the money in these accounts unless the income is being used to buy a flip or another property, which is about 10 months for me so that money will be sitting there.

I am considering a HYSA from Capital one as i saw as of today their APY is 4+% with a minimum deposit of $10K

I will be using baselane to organize and manage these transactions.

Any criticism / advice is welcome :)

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