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Updated over 7 years ago,
Bank account question
Hello,
I'm about to close on my first rental property. I'm going the traditional 30 year lender mortgage on my personal name I'm not sure if they have a due on sale clause but lets assume they do and I can't move this into an LLC yet. Should I use my personal checking since the title and mortgage is under my personal name? Or should I open a business checking account even though I don't have a business entity yet?
Thanks