Jim Vanhorn
business or personal banking account
So I am in contract on my first rental property. I went online and created an LLC with me and my wife as the members. I am hearing that insurance is more expensive when the property is llc owned and since I signed per...
Chris H.
Transfers from Personal/Business Accounts
Hello!I currently own 2 SFH's in my own name and all funds flow through my own personal checking account.Moving forward, I plan to put all new properties into their own LLC (single member) with their own business chec...
Adrienne Donner
Instagram - Personal or Business Account?
When starting out as and REI is it better to have a Personal or Business Instagram Account and why?
Rich Thomas
Intermingle LLC & Personal Accounts
Hello-Ive heard many times that if you mingle your personal accounts with your LLac accounts it will break the legal veil. I have a bank accounts for my LLC’s...can I transfer my monthly cash flow from those LLC accou...
Craig McLaughlin
Cedar Rapids accountant / tax person?
2020 was my first year owning investment property. I would love to meet with and hire a good accountant and /or tax professional who specializes in real estate investing. Previously, I had always used TurboTax for my...
Sanjeet Dighawa
Business Vs Personal Bank Accounts
Hello,I am new to real estate world and working on closing my 1st deal thanks to all the tips and tools shared by you awesome folks here!Please help me with this - is it important to open a business checking account f...
Alex Orrson
Personal or Business Bank Account
Hi all,I'm pretty new to REI but have read a few of the BiggerPockets books. I'm looking to start with a buy and hold duplex in the next few months, and continue to scale up to higher unit multi-family properties in t...
Dewey Jurich
Personal accountant for tax planning
Hi, I own a construction business, a commercial development llc, and 1 rental property, under contract for my 2nd. Looking for a local or familiar with PA tax laws. This last year I should be eligible for REP status...
David Corrales
Business or Personal Checking Account?
What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?
Ben Valentin
HELOC vs Personal savings account
Hey all, here's my question: A year from now I hope to purchase my 2nd property and use it as a rental. For the next 12 months, should I set aside money in my savings account or just keep paying down my principal ...