Qasim Naeem
Bank Account Maintenance with Partnerships
Hi BP! I wanted to understand how maintaining bank in partnerships should work considering that my partners and I want to invest but we want the loan to be in one of our names and not all of us. Is it a MUST to have t...
Michael Lanci
[Advice] Banking.. LLCs? Separate Accounts?
Hello, it looks like I'll be finally submitting an offer this week and the agent is representing both sides and seems to think we are in good shape to make this deal happen.It's my first investment property. I've been...
Paul Smith
Opening Bank Account in USA
Hi Everyone I'm based in Australia trying to open a bank account in the USA. Have tried a lot of banks aware that I will most probably have to turn up in person at the branch with the appropriate documentation and US ...
Jane S.
Tenants have no bank accounts
I have a rental i just put on the market 5/2/1 2000 sq ft. It's the first time I am encountering applicants with very low credit scores, several children, and no bank accounts. 2 divorced women, 6 kids, no alimony, ve...
Adrian Fajardo
Allocating expenses in bank accounts
Hello BP community! I'm very excited to be here and always happy to accept any tips from anyone. I'm still on the early stages of my investing journey and I ran into this question while studying. When I do get a prope...
Brandon H.
Solo 401K LLC Bank Account
I've established a Solo 401K/LLC (similar to the IRA/LLC structure), but I am having trouble getting the LLC's bank account created. At BoA and Wells Fargo, their applications assume the business owner is an individua...
Lydia Bar
Bank account for rental property
Hi everyone,If you are not putting a rental property in an LLC, would you open a personal or business bank account for the expenses? Does it matter?Also any specific banks that are recommended for this purpose? Would...
Sanjeet Dighawa
Business Vs Personal Bank Accounts
Hello,I am new to real estate world and working on closing my 1st deal thanks to all the tips and tools shared by you awesome folks here!Please help me with this - is it important to open a business checking account f...
Aaron Moyer
Bank Accounts and keeping track
Hi All,Should be getting my first deal done this year. I have a question about how you keep and track finances. Do you have a spreadsheet to organize and track them? If so, is there a template you would recommend for ...
Ryan Kenneth
Best Canadian business bank account?
Hey all, I'm currently shopping for my first business bank account (chequing) in Canada and the first thing I see is that most of them are $20/$30 per month.Do you guys have accounts you're happy with that are prefer...