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I am currently a 33% owner in a S-Corp that has loans on several properties. My partners and I have agreed to a stock issuance to allow an additional partner to join the company that will dilute me personally to a...
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Any investors in Memphis have recommendations on small local banks for business checking accounts?
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Hey everyone! I am an out of state investor and want to open a business banking account. I'm currently investing using the BRRRR strategy. Would it be best for me to look for a bank (small or big) in the state in whic...
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My husband and I just closed on our first rental property last month. We are wondering from a financial standpoint, should we open a business bank account or just a superare personal bank account to keep all finances...
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I've talked to several local banks and they all seem to be around 40%. For round numbers, can if I make $100,000 / year, what would I expect them to be comfortable with as far as extending me an unsecured line of cred...
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For those of you with rental properties, who do you use for your banking? I am considering Baselane or Stessa. Does anyone have experience with either banks? I don't really need property management software as I have ...
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Hi, I just went into contract for my first rental property a week ago. the property i'm purchasing is already in contract with my personal name, as I read many articles about how setting up an LLC is overhyped. I ha...
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Question about bank accounts. Do you guys keep security deposit in a separate bank account and if so what kind? CD, money market account or just plain bank account? Also for rent, do you open a different bank account ...
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I am looking to secure a loan for a hotel but think I may have some problems getting financing. I know there is a way. Any suggestions?Background- we are just about to finish our Brrr on our 3rd property of two doors ...
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I have opened another checking account at my bank. I have it linked to a couple of my savings account and plan to run all my rental business through just the new checking account. Im trying to find the best way to mov...