General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago on . Most recent reply

Business Vs Personal Bank Accounts
Hello,
I am new to real estate world and working on closing my 1st deal thanks to all the tips and tools shared by you awesome folks here!
Please help me with this - is it important to open a business checking account for income and expenses? why this cannot be achieved through a separate (dedicated) personal checking account? I see all banks imposing a transaction fee after a certain number of transactions. I am just trying to find out if this is a cost that can be avoided or not.
Thank you,
Sanjeet.