Hi all,
I am under contract to buy a two-family for my first house hack! I will be living in unit #1 that needs TLC and will be renting out unit #2 that is already fully renovated. I have spoken to my CPA and decided...
Is it recommended to have 1 bank account per property? Seems a bit cumbersome. How do you guys manage your rental accounts?
Hi Everyone,Quick question. I heard it is a good idea to have separate bank accounts per property. Is this recommended? Are bank accommodating?Thanks!
How do you all set up bank accounts for rental properties? I am a new investor here in San Antonio. Own a duplex and a triplex. Bought both of these within the last 6 months. I am working on organizing the rents and ...
Are there any CPA's or experienced investors on here that can help me out with how to setup my bank accounts or offer advice on how you setup your systems for your real estate investments?I'm looking to close on my fi...
Which bank Is best to open business account? Wells Fargo, Chase or Bank of America?
Hello everyone,
Me and my partners live in Israel and recently closed our first deal in OH Cleveland, We have opened an LLC in OH and are looking to open a bank account for the LLC for future rental income.Would appr...
I may be inheriting management responsibilities for a few rental properties soon. The current setup is a mess, with funds intermingled between buildings for cost of repairs, maintenance, rental income, etc.
Is there ...
Hi BP!So I understand the 50% rule, my question is how long to we keep socking money away in that account?Also, do you combine all units' money together into one account? Do you open a new account for every piece of ...
Hi all, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wondering if using the PNC Virtual Wallet to manage the finances is a good idea. Has anybody used this in th...