Nick Raimondi, who claims to be a managing partner at Insula Capital/Atlantic Holdings, after we were working with the seller and our lawyers, got our LLC, jumped through all the hoops they wanted us to, only to sit down at the table yesterday at the lawyers office to yet another stipulation.

Is it best to have a bank account for each property or one account per LLC?

I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.

Hey @Andrew Self Are you going to buy a property through an LLC or your personal name?

This includes networking, learning from experienced investors, and strengthening your financial position.If you’re starting with limited capital, setting up an LLC and building a strong credit profile (700+ FICO) can open up financing opportunities.

But I don’t think I’ll be able to get a business credit line though since I bought the house under my name and not an LLC I’m not 100% how the business credit works.  

Property will be held in LLC.

The facilitator’s address was in a mobile home park, and the bank account could not be verified.Inconsistent Identification: Despite receiving a copy of Chris Anderson’s driver’s license, phone number tracing showed no connection to him.Incident 2: 2nd Financial Opinion ServicesThis entity appeared more sophisticated but was equally deceptive:Authentic-Looking Documentation: The LLC was legitimately registered in Missouri, with a seemingly professional website and clean background checks.Misleading Identification: After requesting proof of legitimacy, a passport with the supposed principal's photo and corporate documents from the State of Missouri were provided.

These guys are having fun because there are a lot of scammers and gurus out there selling LLC creation services and Wyoming Trusts and Cook Islands Trusts and if you believe all that b.s. you will end up needing to cash out refinance soon in order to access that equity in order to pay for all their services plus an accountant to keep track of the mess.

I don't think that simply having an LLC would protect you from that Bubba the roofer.