Colleen Carnahan
Shifting from hobby to business
Hello, my husband and I are fairly novice investors who are working towards being more professionally involved. We have one investment property that we got into as a primary residence and then turned into a rental lat...
Billy Seol
Purchasing with HELOC, how to send to escrow?
I'm about to purchase my first investment property fully funded with a HELOC. When I purchased my primary residence I had wired the required funds to an escrow account, but since this is my first time using a HELOC i'...
Mitchell Hammack
Considerations to transfer an individually owned SFH into a new LLC.
I’m planning on buying my first few properties in an area as an individual, and not through an LLC. Now, eventually I would like all of the properties I buy in the city / state to reside in the (one or multiple, haven...
John Haveman
Bank account for LLC with foreign member
Hi everyoneI need a reference for a business bank account for my LLC.As a non-U.S. citizen (South African/Netherlands), I am the sole member of a GA LLC, which owns a property in Atlanta.I am looking to open a bank ac...
Brad Norris
Business filing and bank accounts for partnerships
Hey BP Nation,Longtime viewer, first time poster.My partner and I just closed on a duplex in Chattanooga, TN. I currently live in Chattanooga and my partner lives in Portland, OR. We're wondering the best way to set u...
Cody L.
Local banks for operations account - Houston Tx
Since starting in real estate about 10 years ago, I've only moved my operations account twice (started at Chase, moved to WF, then later to a local bank where I've been a long time). Since I do everything online, sin...
Robert Ortiz
Bank account strategy for multiple rentals properties
Hi BP Family,
I had a question about bank accounts for rent collection. I recently purchased two rentals and I have a third under contract. I have my personal checking accounts and business checking accounts for an...
Bethany Peysen
Storing Bank/Debit Info Multiple Accounts Safely
Looking for advice based on personal experience for this situation:
I have a series llc. For each of my properties I have a separate bank account, checks, and a debit card. I started out keeping all of this informati...
Shuntay Mcbride
Bank account closed need rent funds reimbursed
Hey can someone tell me how to get my money back for rent payment my bank closed my account I was Paid September 2
Joshua Sun
Best bank to open up business account?
Hi,My girlfriend and I are looking to purchase a first investment property soon, and we were wondering if there was a preferred bank to open up a business account. Or maybe it doesn't matter, as long as we have a plac...