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...

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...

Flippers, what's the best way to organize your bank accounts?
I have a personal account and an LLC business account.
Currently, I keep the bulk of my money in my personal account and transfer funds as needed to my LLC...

How many bank accounts do you have for your real estate investing? I am trying to decide if it is better to keep each place in a separate account or if that would be unwise?

Thanks,

Shawn

Hey guys,I am trying to purchase a property with my brother (jointly) and was hoping to put him as a joint owner to my account (so he can use my finances) and then have him buy it under his name. The reason is that I ...

Do real estate attorneys generally suggest having separate business checking account for each LLC, or does one accountwith sub accounts provide protection? We are in Florida, and generally put each house in its own LL...

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...