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Updated 9 months ago, 03/27/2024

User Stats

6
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9
Votes
Sainath Muntha
9
Votes |
6
Posts

Which Bank do you use to open multiple accounts for each LLC in your portfolio

Sainath Muntha
Posted

Hello BRRRR Investors!

I am looking for advice and your experiences on which bank you use for your real estate investments?

Here is my situation:

I open an LLC for each of my investment properties and for each LLC I need a bank account.

I do not want to go down the route of using a traditional bank and open a new bank account with say Wells Fargo unless I have to.

I have tried baseline banking which allows you to open one "account" and have multiple accounts within that (one for each LLC). I have however run into issues like transfers being rejected by Baseline (from one of my own accounts in a traditional bank) when all the information is correct. Baseline customer service was of no help.

I want to understand what products do you use? And how has your experience been?

Thank you in Advance!

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