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Updated over 4 years ago,

User Stats

35
Posts
9
Votes
Sam Morgan
  • Rental Property Investor
  • Asheville, NC
9
Votes |
35
Posts

Business Bank Account - first solo RE Investment (owner occupy)

Sam Morgan
  • Rental Property Investor
  • Asheville, NC
Posted

Hey BP folks,

I will set up my LLC once I buy a property I won't live in, but this first one is a duplex I plan to house hack and I am really excited. Closing is set for July 10. So, the question is, what name do I give the business bank account that I will open for this property. I guess, the account could be used again for future house hacks, but eventually I will set up an LLC and the LLC can be the name on a different account? Do I just use my name for this business account for the house hack?

Thanks!

Sam

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