I just bought my first rental property and have tenants moving in soon. I am now weighing the pros and cons of using my normal checking and savings account to manage business income and expenses or going ahead and set...

I'm buying a house for cash using funds from my personal accounts. My plan is to buy the property in my LLC name. When I refi, am I going to run into legal issues taking the cash back into my personal account? Should ...

Hi all,I am learning so much from this site and I am trying to gather info before starting to look for my first investment (rental) property in the states. I live in Canada (East) and can’t even think of buying an inv...

As I move toward acquiring my third property, I realize that I really need to start separating my finances. I plan on opening a separate account for my two rental properties. Do any of you have advice about what banks...

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-...

Hi All - Unfortunately I have lost trust in my CPA after reviewing my latest tax returns(they missed major expenses that I had to call out) so resorting to this community for learning and knowledge while I also look f...

I think this is the right place...
Getting some of my ducks in a row to dive in. 
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...

Are there any major tax implications when funding my LLC business bank account with equity funds from personal mortgage to finance a duplex build. Duplex mortgage is also in my personal name (owner occupied). The rent...

I am trying to wrap my head around how to transfer money from a personal savings account and HELOC in one state to another state that will hold my business/LLC account.  Will it tie the business account and personal a...

Hi All. What is the best way to do this? There is money in our business LLC bank account, however we'd like to transfer $6000 (the annual max) to a personal Roth IRA. Any tips appreciated, thanks!