Umer M. Chaudhry
Dynamic Bank Account for collecting rent
Hello Guys,Ideally, I want to set up one account with the tenants, however; be able to control which bank and account # that money ends up going to.Reason: I am dealing with multiple banks for loans, HELOCs etc. I u...
Donald Scott
New LLC! Now What? : Bank Accounts
HiThis could be a series of questions/ posts under the "New LLC! Now What?" umbrella.We've just setup our new LLC to do flips and holds. We are also "new" to investing, but have been in a learning phase (aka analysis-...
D Higgs
Separate bank account for CapEx funds
Hello BP!So I hear (and see) a lot of references to set aside $$ for CapEx. Makes total sense and I will do so.. however my question may be an obvious one but this budget that I'm setting aside for CapEx would be a se...
Kyle Nigro
Bank accounts for real estate investing
What is the best way to set up your bank account for real estate and investing? And how would you tie a LLC into that?
Justin Luc
Pre-approval with Multiple Bank Accounts
Hello, I am 25, single, and working on getting my first property that I hope i can live and rent rooms to friends. My question is on getting pre-approved. I am worried about how my bank accounts looks. I have a WF ac...
Alec Hilliard
Different Bank Accounts for Different Properties?
Hey you guys!
About to acquire my 3rd rental property!
My legal structure looks something like this *pictured below*My question is this: Do I need to have separate bank accounts for each rental property, LLC? &...
John Akhlaghi
Bank Accounts for Rental Property Investing
I have not purchased my condo yet for my first rental property, but I have a question about setting up a business account both checking and saving. I am planning to start a business account with my credit union and la...
Chris Montgomery
Separate Bank Accounts For Each Property?
Howdy,
Newbie to the forums and a relatively newbie investor.
I have two rent houses and have separate bank accounts for each one (one is shared with my sister, 50% each). I'm wondering, as I buy more single-family r...
Bill Bockwoldt
Question on rental property bank accounts?
Hi,
I currently have 5 properties in one city (out of state) and am looking at investing in 2-3 other states. I am curious what other out-of-state investors have done in terms of setting up bank accounts to r...
Mason Kimball
Online Banks that Offer Escrow Accounts?
Hi everyone,Looking for a bank that will allow me to open an escrow account for my tenant’s security deposit entirely online.Does anyone have any recommendations for this?Thanks in advance!