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!
Christopher Gee
Bank Account for Multi-member LLC
Hi all, my partners and I are in an LLC together, and we're trying to set up a new business bank account. We'd love it if all of our names are on the account. We've run into a problem though:
Most brick and mortar (C...
Wilson Liu
Business Bank account interest and bonuses
Hi BP,
Closed on my first property with a partner this month! 🎆
We're looking into setting up a business bank account for our two member LLC. There are many bonuses available for business checking accounts that g...
Mario F.
Setting up bank accounts for budgeting
Hello, I've recently read the Millionaire Real estate Investor and loved the budgeting ideas that were suggested in the book. So I went to the bank today to create three new savings accounts for donations, vacation, ...
Cason Acor
Dedicated bank account for individual entities?
My question is primarily directed to buy and hold investors who purchase each new property with its own entity (I imagine most will be LLC’s).
Do you also open a dedicated bank account for each entity for the purpos...
Kay Si
Holding Company & Sub + Bank Accounts
I want to create a holding LLC to own REI properties. I am interested in flipping and sometimes I’ll hold and rent.Should the holding company literally hold (deed and title) in the holding company’s name or should the...
Joy Page
Bank Accounts for Series LLCs DC
Hello,Is anyone aware of banks in the Washington DC area willing to open accounts for series LLCs (set of LLCs with articles in parent name)?Due to the structure, there aren’t articles for each series. This is the iss...
Mohammad Matar
bank account and social security number
hello, I started an LLC and got EIN number. I called us bank to open a bank account and they told me I must provide them with my social security number. Do I really have to do that? I thought an EIN is an equivalent t...
Tedd Lodes
separate bank accounts for each tenant?
Our property manager recently quit on us and so I'm going to be taking over for the foreseeable future. The only problem is we travel a lot and I'm trying to figure out a way to collect rent without actually being her...