Brad Z.
Structuring Bank Accounts
I am getting close to having my first deal ready to go. Its a rehab+hold and rent. I have created a LLC to hold hte property in. I need a seperate bank account to manage money in/money out. Should I open up a busines...
Keith Owens
Business bank accounts
Why am I having a problem opening a business bank account for my vacation rental property? I have ALL required credentials, llc, business license, etc. Denied twice. I'm using my ein, it's a new business, I have no n...
Victor Triana
Business Bank Account
I own only one rental property which was used with a VA Loan But got married and had to move out of state and I’m now renting that home. I’ve read a bunch of Real Estate books saying how important it is to have a busi...
Jeffrey Evans
Business Bank Account
I have a Business account with bank of America. I recently closed on a small investment property in KY. I wanted to keep all my income and expensive for this property in this 1 account. Since the account and the pr...
Nicholas Betancourt
New Bank Account?
Hello! Just wanted to hear from the community and get some other perspectives.
I recently purchased my first home, its a duplex. I plan on house hacking and was wondering if I should open a new bank account solely fo...
Roy C.
Bank Account Allocations
Hello BP. Hope everyone had a wonderful holiday. One of my NYR is getting more involved with REI and BP forums, so here it is.How do you guys manage your REI bank accounts?From what I understand from previous discussi...
Lindsey Drumheller
Business bank account
does anyone recommend a certain bank or credit union to open an account in for their real estate investment entity? Thanks!
Rickie Mincy
Bank Account Suggestions
Hi BP!I will be closing on my first rental property next week and Im looking for suggestions on how to manage the bank accounts. Based on my research, Im going to open a checking account for rental income and savings ...
Gordon S.
Business Bank Accounts
Hey everyone, I've just setup my real estate LLC, now looking at getting a bank account. Any recommendations or banks to avoid - I have to assume the stage coach bank is a no-no at the moment. Are local banks better o...
Antoine Ferguson
Business bank account
When should I open up a business account right after I've acquired my EIN number or after I formally formed my business and registered with the state? All I have as of right now is my EIN.