I was watching this youtube video from a Canadian investor I like and he said... "Every property you buy better have its own bank account." I was like Whaaaattt? Is that a thing that I've never heard of until now? ...
Hey All! So I have bought my first 3 properties in the last year all with partnerships and different loan structures. I am looking for help making sure everything is in line and I have gotten the process down so I can...
Hi there, I'm brand-new to all of this! I have what will be my first house under contract, set to close in a few weeks! I've been reading Heather and Brandon Turner's The Book on Managing Rental Property. In the book ...
I have been using Bank of America as my business checking account for my rental property. They just raised the minimum balance to $5000. When I have more than one property, that'll be fine, but with just one propert...
Hey BP,
Quick question:
Any suggestions on how to manage rent and cash flow? I have started a new account where my rental mortgage payments are being made out of and where my rent checks are being deposited into. Sh...
Purchasing my first property with a partner. We want to open a business bank account, but I don’t want my personal finances mixed up with my business. Me, my partner, and the property are all in different states and t...
What are the requirements for holding tenant security deposits in NC? Do I have to open a separate account for holding security deposits?Do you recommend small community banks for managing monies from rental propertie...
I am using Chase for my personal finances. Should I open another debit account with Chase for my rental property? or
Should I open a new one with a different bank? If so, which bank do you recommend?What are pros/con...
Hello everyone, newbie investor here still learning and wanting to start my journey soon. My best friend and I have decided to take our investing journey together and look at it as a business ran by the both of us. A...
Hello everyone, newbie investor here still learning and wanting to start my journey soon. My best friend and I have decided to take our investing journey together and look at it as a business ran by the both of us. A...