I’m about to go under contract for my first rental property. I will also be living in the property. I am going to setup a separate business checking account. I’m confused to what all I should charge to this. Should I ...
We are wondering how people with with our situation handle where money from two contributing parties that is used for buying rentals and flips is kept.
Good evening everyone, how do you all construct your bank accounts for real estate investing? Thanks!
-Isaac
On a rental application it asks for my bank account number and my balances in each bank account. What exactly can one do with that number? Can they check my balance or anything? Or even worse, take money out. I just w...
I have one bank account, Wells Fargo. I want to switch to another. What banks do you recommend? Also, I’ve never done travel hacking but have been looking into it..what banks would give travel miles with a signing ...
Hey guys,I am moving forward with a deal that I am using funds from partners. I will be the managing partner this deal and I have never had to open up a business account before. What companies have you had experience ...
About to embark on my first REI. Do you guys recommend I open separate bank accounts for each property? I'm planning to buy two in the next 6-9 months. Also, how do you handle rent payments. I've read a lot of blogs a...
Hi! Are you separating rental payments from your general operating account or depositing all monies from the business, including rents in one account. I only have one rental right now but as I acquire more properties,...
I'M UNDER CONTRACT!!!! I can't believe I'm actually here and things are finally moving. I started learning and saving 4 months ago and I'm excited to get to the next steps.I wanted to go ahead an setup a business chec...
I’m in Wilmington, NC and am about to place a tenant in my first rental property. I was wondering what kind of bank accounts the pros use. For example, when the tenant gives you a security deposit, do you just park th...