I recently closed on my first house where I will rent out the spare rooms. As this is my first house, I’m using a first time home buyer loan which requires the house to be my primary residence for at least a year. I w...
Partners, I would like your opinion on the following:1. Wyoming LLC with TWO Members is a holding company2. The WY LLC owns LLCs in different states. Each LLC holds a real estate asset with a buy & hold strategy...
For a general partnership (without the LLC), that will invest in real estate in Ohio, what kind of bank account can we open, like checking, saving or anything else? Can we create a High yield savings account?What bank...
I am potentially closing on a property soon, and I am looking into which bank offers the best service for rental income. I came across BaseLane, does anyone use this bank? Based on their website, it seems automated, h...
I need some advice on rental bank accounts. So I have an llc and business account set up for that llc, but I just bought a duplex with an fha loan which isn't in the llc because I couldn't get fha approved for the llc...
Hi Texas investors! Can anyone recommend a bank in Texas that will allow me to setup separate checking accounts for each Series of my LLC? I've setup an LLC with a separate series for each of my rental properties (2 s...
Hello all, merry Christmas! I have done a lot of research in preparation for my first real estate purchase but I haven’t heard any mention of banking services that stand out. I would love to open a joint account with ...
Hello,I have setup an LLC for acquiring my 1st Bay Area property (East Bay). I am going to follow BRRRR strategy for the first deal.I am looking for a bank/credit union for my LLC. I am wondering if I should choose a ...
Each of my rental properties is held by its own LLC, and each LLC is owned by a holding company that sits at the top (which is owned by me). Each LLC needs its own bank account, but as I scale, I am looking for a bett...
Good Afternoon BP Community!!
So we are about to close on our first rental property!!! YAY!!!
In doing so we are trying to get all our ducks in a row and be ready for this. We know we need a seperate account for the...