Yi Chu
HELOC or Business Checking Account to buy a property
If I use my HELOC fund to buy a property, which of the following two options should I go with from tax or business accounting perspective?1) make the payment directly from my HELOC account2) transfer the money from HE...
Yi Chu
HELOC or Business Checking Account to buy a property
If I use my HELOC fund to buy a property, which of the following two options should I go with from tax or business accounting perspective?
1) make the payment directly from my HELOC account
2) transfer the money fro...
Kelsey Herbst
User Friendly Banking- Checking & Savings Accounts for Landlords
Hey all,
I will be closing on my first rental property soon (house hacking a triplex in Philadelphia, Pennsylvania) and am starting to think about organizing the finances of a few accounts, not only for accounting ea...
Brandon Turner
Rental Investors: How many Checking Accounts do you have?
Hey folks - I'm thinking of switching up how I do my checking accounts for my rental properties and I'd love to hear from some of you who have multiple different properties. Right now - we run most of the income/expen...
Jeffrey Jewitt
Recommendations for Banks that offer Solo 401k Checking Account
Hi,I've been having a difficult time finding a bank that will open up a checking account under my plan name and EIN number associated with my Solo 401k plan. Most banks either want me to open up a brokerage account or...
Lindsey Crawford
Best place for a business checking account and why?
Does anyone have a good suggestion for who to open a business account with for my new LLC? I've read articles but want real world relatable! Who do you recommend and why?
Lindsey
John Lee
Who do you use for your LLC checking account?
Looking to open a business checking account in Southern California (Orange County, CA). We have our LLC set up and close on our first rental property tomorrow.Looking to establish a relationship with a smaller bank to...
Chris Bodkin
Do I need a business checking AND savings account?
Getting ready to list my first rental. The house is purchased under an LLC. I opened up a business checking account for the LLC. Do I also need to open up a business savings account for the LLC? Not sure if I can ...
Chuck Dangar
LLC? Check. Business account is next. Now how do I...
I set up an LLC and now I'm about to open a business account with the LLC and EIN#. I'm doing this to try and separate this business from personal everything if possible and now I'm wondering how I get the money I've...
Brandon Phelps
Do you have a favorite bank for a checking account?
I have one rental property, and am about to get one or two more. I've got to get official about this business now and am looking for opinions on your bank. I'll be opening an account just for the rental. Obviously if ...