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I have just selected first Renal property in Memphis and will be closing in 2-3 weeks. I will be opening new personal Saving account and will be adding initial money to that account from my personal checking account. ...
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Hi, I just bought my first rental property. Do I need a separate bank account?
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Hello everyone! I am in the process of getting my first rental, a 4plex. I definitely would like to open a separate bank account for all income/expenses/deposits for the rental. Because I am such a beginner, even thou...
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I am starting my new LLC in which I run Airbnb properties in a variety of ways:Owning property/placing on Airbnb Managing other peoples properties on Airbnb for a %Renting property/placing on AirbnbMy LLC has been cre...
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I currently have one rental property so obviously it's been easy to manage the financials. I only have one account. However I came across some money and I'm about to really grow my portfolio. My lender doesn't escrow ...
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Hey!! {first time posting}... So, I have a handful of rental properties in my name and I'm in the process of transferring each of them into their own LLCs, and I was curious if I can use one bank account and one cred...
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Hello BP Community,I'm a new investor who has just formed an LLC (sole member). I haven't been able to set up a bank account for the LLC yet, and my question is this: if I purchase and assign a property under the LLC...
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Hi everyone, can someone help answer this question for me? I have a holding company LLC which is 100% owner of my subsidiary LLC. So my understanding is not 100% clear. So when it is said that you can open a business ...
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This is regarding a series LLC in the great state of Texas, but I'd be interested in opinions from other states since I haven't come across any case law supporting an answer to this in Texas. I have a series LLC, each...
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I appreciate any input! I am also military and can get most fees waived. I currently use Chase and USAA for other businesses and personal. Looking to make a business account for me being an agent.