I buy each house I buy/renovate/sell in a different LLC, solely for the purpose of the investment. When I close, I have to open up a new business bank account, just to deposit the money, only to close the account week...
I am about to close on a Triplex and was wondering how I should go about managing my bank account and mortgage payments. Should I create a new account and have the mortgage come straight out of that and all my tenants...
I am about to close on a Triplex and was wondering how I should go about managing my bank account and mortgage payments. Should I create a new account and have the mortgage come straight out of that and all my tenants...
im currently buying a property and after i purchase it I will be transferring the title to my llc but the banker is telling me that I can not transfer the loan into a llc in addition to the title. They are requiring t...
Hi everyone,
Just a quick question about bank accounts and bookkeeping...so, with rents coming in and having to account for regular expenses as well as cap ex on each property, etc. do you end up having multiple ban...
Hello,I am in contract with an investment property and the under writer is asking for source of deposit on large deposits into my account 3 months ago. The deposit was from loan returned by my own brother that i lent ...
I am looking to see what others do in NH for holding tenants security deposits. I have a four unit building , And I am wondering - do I need to create four different interest bearing savings accounts to account for in...
Is it best practice to have a dedicated bank account for each property, or Is it acceptable for one main account with solid book keeping?
For those that have 2 or more rentals- do you put all security deposits in 1 account "together" and then 1 account for all depositing monthly rent payments in another or do you set up multiple accounts for each rental...
Hello everyone! I just got started in the real estate game. I live in Charlotte, NC. I would like to make an offer on a property and/or house hack soon. I currently have my personal bank account with BB&T. But I b...