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For those of you who open a separate LLC for each flip property, do you open a separate bank account for each as well? If so, do you close the account after the property has been sold? Do you open credit lines or anyt...
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I just started a multi-member investment company with a partner for multi-family acquisition. There are a total of 2 people involved. I am wondering how to structure our bank account as an organization. Right now, we ...
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Hello Bigger Pockets folks
I am new to real estate and plan to invest in the market a year from now (when I am financially better on paper). I am currently working on my education and my finances. However, in the me...
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Would you lump all your investment property finances into one bank account or do you prefer to spread them out among several banks? What strategy would you choose? What strategy have you taken?
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Would you lump all your investment property finances into one bank account or do you prefer to spread them out among several banks? What strategy would you choose? What strategy have you taken?
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What are the advantages of using a Business Bank Account for your rental property's holdings? Are there any? I understand that you have to have an FEIN to open a Business Bank Account, but do you have to have your pro...
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Hi, im from Buenos Aires, Argentina and im looking to buy a rental property in Columbus, Ohio. Next week im registering an LLC. With the generated EIN, i have to open a bank account and then i can send the money from ...
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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? ...
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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...
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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 ...