Technically as the manager of the LLC you can open an accout with any financial institution though they don’t all cooperate when it’s an IRA owned LLC. 

Quote from @Dominique “Dom“ Leal: Hey Alex, Loved reading your post.. are you prioritizing single-family homes over multifamily, or open to both? 

I would warn you though as soon as you give an inch, the next month if rent is not paid on time you may have opened up a door of forgiveness that was not intentional.

I’m open to suggestions. 

What helped me tremendously in the beginning was to sit an open house every weekend.  

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

It can accelerates process and can make numbers look very attractive (if you are open to renovations, does not need to be crazy)

Do you know if there is a service, monthly or annual fee for opening one of these accounts? 

I want this to be an open discussion where we can all share resources and insights to help brokers build and grow their businesses in 2025.