Brian Grant
Checking accounts for rental properties
I am hearing for taxes, financing, and legal organization that creating a checking account for each rental property is advised. I want to start organizing my self properly now as I am just begging. I am concerned that...
Sean Steward
Investment Properties and Checking Accounts
I am currently brainstorming strategies and ways to get into REI and came across a question of, "when I buy an investment property or properties, and I'm not starting an LLC or corporation so I'm not opening a busines...
Michinori Kaneko
Good Checking and Savings Account
I did some research on checking and savings account. These are for people starting out without forming an LLC, but wants to keep their "business" separate from their personal. If you have an LLC setup, you need to c...
Sheryl Griffin
Opening a business checking account
So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag. I never had this before in days past when I had busi...
David Corrales
Business or Personal Checking Account?
What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?
Nicholas Chou
Tenant Deposits to Checking Account
Does anyone see any issues with tenants paying rent by making a deposit into my checking account at any of my local bank branches? I having been doing it for years with no issues, but I wonder if it is not a good idea...
Kreighton Reed
Solo 401K Checking Account Specialist
Hi BP. I just joined. I'm a banker that helps real estate investors from around the country set up checking accounts for their Solo 401K/Self Directed IRA's.I reside in Denver Colorado but am able to help customers ...
Michael Dunn
Checking vs a Savings account
Do Lenders care , if the money that you hold, via " savings " in a account, is a Savings or a checking account?
I have both opened, but I am using my Savings account, as the account of which the majority of t...
Reese W.
Pay mortgage with personal checking account or LLC's account?
I have all my investment mortgages on auto pay with my personal checking account which I like because I have plenty of buffer and don't have to worry about shortages from vacancy loss etc. However I just purchased my ...
Pat Jackson
Separate EIN/Checking Account Per Property?
I live in Nevada, and am investing in properties in Missouri. I'm considering (really planning) on setting up a series LLC. In my research, I had someone recommend having a separate EIN and checking account per prop...