Is it possible to open a bizz bank account without ITIN?

Account Closed thanks for all the insight. 

Hi Scott,It seems like you’ve got a strong understanding of creative financing and investing strategies, but I do have a couple of comments and suggestions that could help you improve future deals.First, while your financing structure was incredibly effective, it’s crucial to always account for potential delays in renovation and build in a buffer for holding costs.

Again not saying its a bad deal based it might not align with your investment philosophy.Rent Growth Projections:Analyze rent growth assumptions.Determine if these align with past trends in the market area and take into account inventory coming online.

We are not finding the answers we seek on the exact best way to set up the accounting side of things, a couple gaps in the flow from adding inventory items on a Work Order to the billing phase, etc.

We charge one month rent and one month security deposit before move in (make sure payments have cleared before turning over keys)  One month security is max allowable by Delaware Landlord Tenant code.If they have a pet you can charge a pet deposit (again, by state code, DE you can charge up to 1 month rent)If separately metered utilities, make sure they've transferred them into their name by providing account numbers and also a copy of their renter insurance before move in.Good luck!

While I’m not an experienced investor myself, I can share my perspective as a real estate accountant, which might help you weigh your options.1.

I've kicked the tires on mid term rentals in Champaign-Urbana on account of growing up in the area.

Hello Tyler, As accountants who specialize in STR and REPS, we cant promote ourselves directly on BP as its against the forum rules.

If you're still worried go with the accountant in the state you are most worried about and plan to own the majority of your properties in.