Choosing the Right Bank for My Real Estate Investment LLC

[Max McQueen]

Hello BiggerPockets Community,

I'm kicking off the new year with an exciting venture: I've just established my own real estate investment LLC!

I'm currently exploring banking options that align well with this specific niche. The choices are overwhelming: should I opt for a local bank, a smaller institution, a major bank, or perhaps an online bank? My business strategy is geared towards scaling a large portfolio with a focus on buy-and-hold investments.

Any recommendations or advice from your experiences would be immensely appreciated. Thank you!

[Chris Seveney]

Quote from @Max McQueen:

Hello BiggerPockets Community,

I'm kicking off the new year with an exciting venture: I've just established my own real estate investment LLC!

I'm currently exploring banking options that align well with this specific niche. The choices are overwhelming: should I opt for a local bank, a smaller institution, a major bank, or perhaps an online bank? My business strategy is geared towards scaling a large portfolio with a focus on buy-and-hold investments.

Any recommendations or advice from your experiences would be immensely appreciated. Thank you!

It really is more about convenience and service more than anything else. How will you us them, online or in branch? If online make sure you like their online services. If in branch then location. 

No wrong answer. 

[Max McQueen]

Quote from @Chris Seveney:

Quote from @Max McQueen:

Hello BiggerPockets Community,

I'm kicking off the new year with an exciting venture: I've just established my own real estate investment LLC!

I'm currently exploring banking options that align well with this specific niche. The choices are overwhelming: should I opt for a local bank, a smaller institution, a major bank, or perhaps an online bank? My business strategy is geared towards scaling a large portfolio with a focus on buy-and-hold investments.

Any recommendations or advice from your experiences would be immensely appreciated. Thank you!

It really is more about convenience and service more than anything else. How will you us them, online or in branch? If online make sure you like their online services. If in branch then location. 

No wrong answer. 

 Great, thank you Chris!