When buying a rental property for buy and hold purposes and being from out of State (in my case out of country), when I find a bank to set up an account with, is it ok or suggested, to use the same account for both...

Hi Everyone, I am hoping someone can help clarify some info for me. I opened up an LLC to help manage my rental properties, however I “house hacked” them and therefore the mortgages are under my name, not the company’...

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 ...

Hello!I am about to close out on my first rental property and wanted some advice on storing the cash flow every month. Should I open up a separate bank account? Or is there like a certain type of app that you guys use...

Hi BP Community, Towards the end of this month I will be closing on my first duplex to House Hack in the Minneapolis, MN area. So far I  am remaining confident in my numbers/reserves amidst the current conditions and ...

Just wondering what others are doing regarding how many bank accounts you open for each legal entity (LLC, S-Corp, etc). I’m considering the following strategy:Account 1: All rents are deposited into this account. Acc...

Hey again all,So I'm just finding out that there is a law requiring tenant's security deposits to be held in a separate account at 3% annual interest. Is this true?If so, are these types of accounts common with local/...

Currently, I’m getting through “profit first“ for real estate investors (book). It’s giving the advice of setting up multiple accounts for different purposes, and my question is, what banks do you currently bank with ...

Hi all

I'm closing on my first property today a 3-family unit. I was wondering if I should set up another personal bank account for all activities. I'm going to be depositing my checks and if there are repairs I'm go...

Morning BP,After 3 years of investing and 6 doors, I'm going to start treating my REI as more of a business. This includes doing a much better job at book keeping. I thought I was doing a good job until I went to my C...