Travis Campbell
Run rent money through LLC bank account?
Hi all!We just opened a LLC for our rental property. I have a quick question regarding the LLC bank account. Of course this is where I keep the security deposit from my tenants. I use Venmo to collect rent. Do I need ...
Joshua Wilke
Do we need a separate bank account?
We have been reading and learning about real estate for a couple of years, and just bought our first property. Now that we are able to put the learning into practice we are discovering much that we don't know. :)Shou...
Jay Lam
Bank accounts for rent and security deposit
Hello,
If I have two bank accounts one for the rent and for the security deposit, do these accounts have to be in both me and my wifes name if we both own the house? Or can the accounts just be in my name? Thank you!
Account Closed
Self-Directed IRA LLC Bank Account Question
I wish to start an IRA LLC with two bank accounts. One with pre-tax funds from a 401k roll-over and the other with post-tax funds from a ROTH IRA. Does the IRS require two separate LLC's to manage the pre and post t...
Chris C.
Opening bank account with EIN - any tips?
Hi there - I’ve had a few rental properties in my portfolio (2 SFH and 1 duplex) for a few years now and looking to begin scaling. These have all been under my personal name and as I’m going to be making some moves on...
Gilberto Rodriguez
Opening a bank account for my LLC
Hello everyone, I just started my property management LLC and need to open a bank account in the Miami area. Can anyone suggest me a bank that works well with property management companies and real estate investors?Th...
Marc S.
Investment starting - Need advice for Bank accounts
Afternoon BP Community,I am beginning my RE Investment after months of paralysis analysis. I will be investing in a Syndication after doing a lot of research and homework, I'm confident it will produce great cash flow...
James Cheung
Solo K or checkbook IRA bank account
I recently set up a solo K and want to open a checking account with local banks. It seems that the retail branch doesn't know how to handle it. Those of you have set up a Solo K or Checkbook IRA, who is your checkin...
Marinus Snyman
Open a UK Bank account from abroad
Any tips on opening a UK bank account without a UK address? I live in The Netherlands so traveling there wont be a issue. Any tips or advice appreciated.
Chad Hurin
NC Rental Deposit Trust accounts - What banks...
Hi NC,What specific banks do you use for your Renters deposits? I can't seem to find many banks that has a 'trust' product for landlords to keep their tenants deposit in. Thanks