Malinda Gibbons
Bank account setup seems too complicated
Hello. I have read some advice on this forum, but I'm still curious how you set up bank accounts in the most simplified way. Right now, based on some advice from the BP landlording book, we have a bank account for eac...
Karla Kahmeyer
# of Bank accounts for each property
Hello BP Pros. Newbie with first post here. How many types of bank accounts do you use for the actual property management/bookkeeping activities? Do you have a checking account, a separate account for Capex etc, and a...
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-...
Benjamin Cuddy
Landlord security deposit/bank account requirements
Hello all,I am a new investor with one single family property. I will soon be putting my property on the rental market and am making sure I have things in order to do so. Would someone be able to fill me on in what ...
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...