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...
Hello Guys,I am opening my first business bank account tomorrow. I am located in Jacksonville, Florida. Are there any suggestion on bank to use or not to use?Thanks
Hi, everyone,I am new to real estate investing and plan to start investing this year. I have been reading many books (and posts in this forum) and trying to build a system for investing. Before posting my questions, ...
Hello All, Quick question to see what others are doing for optimizing tax advantages for STR. Background:We got a second/vacation home during the pandemic and now its ready to go online as an STR in the Russian River ...
How do we ensure that our mortgage company gets paid by the first of the month? Do we tell our tenants money must be deposited into our bank account by the 25th of the month, so I can make our online payment to our m...