Mark S.
Bank Account System for Turnkey Properties
If you're buying turnkey rental property in your own name (which will be managed by the TK property management arm), how do you structure your bank accounts?
In other words, since I'm assuming the TK property managem...
Account Closed
Structuring DBA / Bank Accounts two properties
Hi RE, I plan on renting and managing two properties this year. One of the homes is alreay paid off, and I plan on cashing out refi into the second home.It's now time to separate finances. I've decided to go with the...
Victor Leon
what banks do deposit onlyc accounts?
i want to eliminate the "it got lost in the mail excuse of tenants" i want to have an account that is deposit only. i also want to have a note on the account, that any attempts to change the status of the account to i...
Maisa Vahedi
Opening a bank account in Michigan
Hi all, I'm hope you can help me with the my query. I have put down my deposit for a SFH in Rochester, New York. Cost is $59,900 and Net annual income is $10,339. Its making 17% NOI. My question is ; since I'm a forei...
Troy K.
Solo loan with joint bank account
Ok, my question is, my wife and I share a joint bank account. My wife's income is higher than mine, but, is mostly tips, pay for services, and other deposits like that. Her credit is not good either. my income is abou...
Jeremy Marquez
Business Bank Accounts for Each Property
Hi, new investor here. I bought my first turnkey SFR back in March if this year. It’s cash flowing beautifully and the funds are deposited each month in a separate checking account that I opened for just this purpose....
Bryan O.
Best Bank for Solo 401k Accounts
What are some of the best banks to establish 401k accounts in? I originally used TD Ameritrade as recommended by my 401k plan provider, but they have changed over the past couple of years and are excruciating to work ...
Brian G.
Banking Structure: How many Operating Accounts?
How many operating accounts do you have for your business? I use STESSA as a DIY book keeping solution. If I use a separate account for each property (Vacation Rentals; no entities) STESSA will automatically assign al...
Kevin Driggers
Bank account and Federal Tax ID #
I am new to Real Estate and want to do this as a business, my question is do I need to get a business account at my bank? Do I need a Federal Tax ID # fron the Government?
Matt Burgess
Bank accounts needed for house hack
Hi everyone,
At the end of July, my girlfriend and I successfully purchased our first house hack! I am now looking for advice on how to structure my bank accounts to properly separate my personal expenses from any ex...