All Forum Posts by: Account Closed

Thanks for the info, @Brent Murphy

@Chris Connery The partners are in my immediate family, so definitely trust them. 

@Ali Boone good to know, thanks!

I will be closing on my first rental property at the beginning of November, and the purchase was made with two partners. We have talked about the possibility of forming an LLC, but are leaning towards not forming one.

My question has to do with the type of checking account we should look at opening - a business account or a personal account. Any recommendations? If we were to go with a business account, but not form an LLC, what type of entity would we need to look at forming?

Thanks in advance for the help.

@Taylor Chiu got it, thanks!

@Andrew Postell thanks for the post, this is great information!

@Taylor Chiu would you mind going into more detail about your experience? What is the reason that you went with an ARM loan?

 Thanks for posting that information, Allison. It's extremely helpful!