Hello BiggerPockets Community,
I'm kicking off the new year with an exciting venture: I've just established my own real estate investment LLC!
I'm currently exploring banking options that align well with this specif...
Any personal recommendations for LLC bank accounts? Better ones vs. Worse ones. Thanks
So I have my properties inside of a LLC and all expenses run through their own business bank account (currently at Bank of America). Due to some recent renovations and a turn my account fell below the 3k minimum and t...
Hello!I have purchased 2 duplexes in 2022. One was rehabbed and now is in the process of being rented. The other is in the rehab phase on half and the other half is rented. I realize I should have opened business acco...
I am relatively new to real estate investing. I have flipped a few houses and have a 12 unit (low end) apartment complex. I would like to know how people, with multiple apartment complexes, set up their banking accoun...
Hey guys,
I have 3 properties on my LLC, i wanted to know, should i Open bank business account to pay property tax, insurance, property management and all other expanses ? Also to get monthly RENT from the renters
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My bank account charges a $15 wire fee when the property management company sends me rent income. Does anyone have suggestions for banks that don’t charge wire fees and have low minimums?
I will check with my CPA as well, but am interested in BP members' best practices for setting up bank accounts for rentals. I am transitioning my rentals into LLCs and plan to have a separate bank account for each. I ...
I recently opened a LLC in Michigan for a investment property that I bought in Michigan. I wanted to open a small business bank account for the Michigan property rental checks to go into the account . I went to a few...
Hello! I'm a real estate agent and an attorney (not practicing). My brother-in-law is a licensed contractor. We are ready to start investing and need some advice on starting an LLC and bank accounts. I know some in...