Natasha Hardy
Opening a business bank account for my first LLC
Hello BPers! I am about to close on my first deal . 🙌I am trying to open a business bank account with Chase by registering the address from my LLC, but I am not able to go through with it. I'm guessing because it's no...
Ryan Morlino
How to structure bank accounts and business vs. personal
My wife and I are in the process of filing for an LLC through an attorney before we start our rental business in a few months. I have some questions about how I should structure my bank accounts and which need to be ...
Jimmy S.
1 rental bank account or 1 for each property
HelloJust wanted to see how everyone else does it? Do you have 1 rental bank account or 1 bank account for each property?If you combined all the income and expenses in one account it would get really confusing.I have ...
Bienes Raices
Problem with security deposit account, and Bank of America
I set up two business checking accounts for my LLC--one for the rents,etc. for the property that will be held by that LLC, and the other for just the security deposit for that property, as my state's law requires. (la...
Johann Jells
Bank to handle multiple security accounts with NJ presence?
I'm fed up with Capital One. They've literally taken hours of my time, every time, to open security accounts, and then screw them up most of the time due to poor training. Then I found out they have a system for bigge...
Kyle Roberts
Banking and Accounting for Single Family Home House Hack
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Kelsey Herbst
User Friendly Banking- Checking & Savings Accounts for Landlords
Hey all,
I will be closing on my first rental property soon (house hacking a triplex in Philadelphia, Pennsylvania) and am starting to think about organizing the finances of a few accounts, not only for accounting ea...
Angelo Llamas
Do you need a bank account for every property
Me and my 2 brothers are starting to invest an we are curious as too as we start acquiring more an more properties do you need to have a separate bank account for every property or how do you keep track of them other ...
Tanh Truong
Bank Accounts for Holding/Operating Company and LLC's Underneath
Greetings BP Friends!I am currently having an attorney set up a holding company and an operating company for me. We've discussed various options like Series LLC, land trusts and even setting up LLC's out of state (Tex...
Tatiana C.
Should I open a Business bank account when flipping?
Hello my fellow investors,I'd like to ask your opinion regarding bank accounts. At which stage do you guys think I should open a business bank account? My plan is to flip houses and wholesale deals. I am in the earlie...