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...

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...

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) ...

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...

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...

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...

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...

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...