Michael Washington
Bummed out about BRRRR in Baltimore, Maryland
I just finished my first flip here in Baltimore and it was an AWESOME experience. I bought the property for $31k, put in $65 had the work done in two months and a tenant signed up before the job was complete. It was a...
Damon J.
Bank Accounts for Buy and Hold Strategy? Starting Out
From what I have read I should have an account for security deposits and an account for rent and expenses that are separate from my personal account. Assuming I will be targeting 10 properties here are a few questions...
Claudia Becerra
30 yr fix loans for investment properties?
How do people get 30 yrs fix loans on investment properties? the banks I have talked to only do ARM for investment loans.
Joshua Sun
Should one open up a business bank account before starting out?
My girlfriend and I have been saving to buy our first investment property. Should we talk to a bank to open up a business account? I hear it will be easier for CPA / Taxes later on if all expense from purchase, rehabs...
Gregor Vidmar
Newly Formed LLC/Lending Question
Hello Everyone, I have a question for the seasoned investors out there. A buddy and I started an LLC with the primary focus of buying and holding real estate properties. In hindsight I wish I researched further about ...
Mark Berge
Bank says I need a w-9 from my tenant for his security deposit
Hi All, my tenant is on his second year lease, pays on time and takes care of the property. He texts me when repairs are needed and I have the repairs made. The security deposit, $2625 is supposed to be put into a ban...
Alexi Schreier
Anyone using online banks for rental property business account?
Hey all,I'm in the process of buying a home in a different state from where I live and would like to keep my personal funds separate from my rental funds. I'm looking at different options for opening a business checki...
Eric Kang
How do you open a bank account here in US for foreigners?
Hello,Do you know of any banks that will open bank accounts for foreigners that live outside of US? It seems like the banks require the person to physically come in to sign forms/docs. Even with a power of attorney, ...
Ralph Santos
Lumping all investments in one Bank account
Would you lump all your investment property finances into one bank account or do you prefer to spread them out among several banks? What strategy would you choose? What strategy have you taken?
Isabelle Trepkoski
Rookie-Business Bank Account
Hello!I have purchased 2 duplexes in 2022. One was rehabbed and now is in the process of being rented. The other is in the rehab phase on half and the other half is rented. I realize I should have opened business acco...