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I'm looking to get started in Real Estate and Bigger Pockets recommends getting a business checking account for each property you have in order to keep the accounting nice and clean.When I went to sign up for said acc...
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For find purposes in flipping houses is it better to have your money all in one bank in the savings account or spread through a few other banks?
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hey, what's the best setup for bank accounts for rentals? I do know some people suggest having multi checking accounts for long rental properties. What do you all suggest is the easiest and more effective setup?
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What is the best way to setup up bank accounts for rentals. I have my main personal account. I also have another bank account at a different bank just for closer convenience. I have a 3rd bank that I just opened up...
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Hello All,We are about to open a Business Checking Account for our LLC that will be dealing in mortgage note investing, and are wondering which bank to open it with.Do you have any recommendations regarding which bank...
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So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review. I never h...
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Hi all,
I'm curious to know which bank you have a business account with for handling your rental property transactions. I usually use Chase but recently moved my properties under an LLC series and Chase does not do ...
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Hi All, I am in the process of closing on two SFR's in upstate NY. I am putting them under the same LLC. I was wondering if I could get some advice about the following:1) How should I set up bank accounts for these? 2...
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When you open a business checking account, you have to transfer a certain amount of money to the business account to avoid monthly fee. Let's say $500. This comes from your personal account, not from business operatio...
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What questions should I be asking a bank when I am talking with them about opening up a business checking account for my LLC?