Chafic El Amatoury
Proper bank account set up
Hello to all Inverstors and Landlords,
my issue might be a bit basic, but it is vital and I believe many can benefit from it. After a long search, I finally purchased my first Househack property. It is a great one...
Vanessa Ivonne Hernandez
Bank Accounts for New Investors
Hi BP Team,
I'm in the process of closing on my first rental and I have questions about setting up bank accounts.
I understand we shouldn't co-mingle personal funds so a separate checking account (operating costs) ...
Joseph Crunkilton
Bank Account for Rental Money
All, I am looking at closing on my first rental property in the middle of next week. I am finishing up insurance and looking to open a specific checking account for the property. I was planning on just using my normal...
Yaron Horsky
non us resident bank account
Does anyone have opened a U.S bank account who is a foreigner that doesn't live in the u.s?I'm closing in on my first deal and want to open a bank account so the rental income goes into that bank.Any foreigner investo...
Lisa Johnson
Opening a joint bank account
Hi everyone, I am getting ready to launch my career in flipping and this one issue has been on my mind. I have built my team; I am the PM / Designer, my contractor, my Realtor and my investor. It is probably a very...
Michal Kolenda
Setting Up Landlord Bank Account
Hi all,I made this post originally in the wrong section and had no replies, but this seems more suitable. So, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wonder...
Deep Patel
Disregard entity and bank account
Hi all.
We are in the middle of a 1031 exchange currently. To statisfy the same taxpayer technicality we opened a single member LLC that is disregarded for tax purposes. However, now without an EIN we are having trou...
Ray Thietten
IRA Checkbook Control Bank Account
I have been using a checkbook control IRA LLC that is tied to my Self Directed IRA account with my Custodian. Currently my name is the only name on the account. I would like to have another person on the account i...
Daniel H.
Rent Collection - No Bank Account
Most of my tenants do not have bank accounts and send their rent payments with money orders each month. Are there any services I could use besides money orders and mail to get the rent from these people?
I checked...
Jaganath Dabbi
Solo 401K Trust Bank Account
I would like to open the trust bank account with ETrade for my self directed solo 401K plan. Has anyone successfully done so. If so, can you share tips, exact forms you filled. Thanks in advance