Jesus Sosa
Opening a shared bank account with all partners?
Obtaining real estate alone has become really hectic and frustrating. The only other option I really have left is to start partnering with family-friends. I have been thinking to open up an account with a local credit...
Andrew Zannotti
Structuring LLCs and Bank Accounts with a partner
Hello everyone!
I am currently partnering with someone to BRRRR properties in Texas and Oklahoma. We set up an LLC in each state as we are using HM for the initial acquisition and we are currently opening bank accoun...
Sunil Kapoor
Bank accounts and email addresses with Multiple LLCs
Hi All,
I currently have 3 LLCs managing my properties, and those 3 LLCs roll up into a "holding entity" LLC, taking my LLCs to 4 in total.
I understand that I need 4 separate bank accounts to prevent co-mingling of...
Pete Sailhamer
Private Lending Payments directing into Lender's Bank Account?
I bought a property using private money, and I would like to electronically send the monthly payments directly into the private lenders' bank accounts. I would prefer not to use a third party site (ie Dwolla, etc) wh...
Remo F.
1 Bank account or multiple for rental properties
Hi,I'm curious to how some of the landlords on here handle their finances.Do you have one bank account that receives rent or multiple accounts for each property?How do you handle expenses? Do you use a separate accoun...
Wesley Myers
Bank Accounts for STR’s? What do you do?
Been reading a lot of different scenarios for bank accounts with rental properties. Wanted to get your suggestion on my specific situation. Just purchased our first STR condo here in PCB. Have $10k in reserves for re...
Julian Hamstead
Can a bank draft your account after closing?
We recently used a well known hard money lender, who secured a correspondent investor and then secured a bank loan on one of our flips. The entire process was riddled with challenges from the set up of the draft, pur...
Menachem Krasnjanski
Set up a bank account for a LLC
I'm setting up a LLC as a LP in a syndication, do I need to set up a bank account for each LLC
Julien Bartolo
Rental Investment Units Purchase - LLC's & Bank Accounts
Good morning everyone, I am a new investor in the state of Maryland and anxious to purchase my first rental property. I have selected a realtor thru Bigger Pockets, I am currently analyzing deals and will soon be pla...
Fernando E.
Guidance on managing LLC and personal bank accounts
Hi BP family,Wanted to get insight from you guys on how you separate your LLC checking account and your personal account at the early stage of your business where basically the funding that goes to the LLC checking co...