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Hey guys! I'm new to the forum, and my husband and I are about to start our first short term rental (via arbitrage). We figured it best to create a separate bank account from our personal account for tax purposes, boo...
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I just created my LLCs and I'm wondering who to open my business bank accounts with. Does anyone have any recommendations for the best point system (most reward) with banking with a specific bank? Do you prefer smalle...
hello. Any recommendations on the Type of bank account to use when starting out for the first deals. Thought I'd open another personal bank account and then consider other types after my first deals.
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Hey all,I'm in the process of buying a home in a different state from where I live and would like to keep my personal funds separate from my rental funds. I'm looking at different options for opening a business checki...
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Hi,I've been having a difficult time finding a bank that will open up a checking account under my plan name and EIN number associated with my Solo 401k plan. Most banks either want me to open up a brokerage account or...
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I have one property that I'm using the BRRRR Method on and as i am getting closer to renting it out. I'm little confused on how to manage my finical accounts as i scale up. Do i have a separate account for each home o...
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Hi all,I recently purchased my first investment property and want to set up a separate bank account for my real estate specific expenses/income. Does anyone have any bank accounts they recommend to open up, as well as...
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Hello experienced flippers. I just flipped my first house and had a sizable check from escrow. I deposited into my business bank and they put a long hold on the deposit.What is the best way to deposit these sizabl...
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A business partner and I plan to own multiple multi-family properties. We will start with one in 2019 and, hopefully, add 1 property each year for the foreseeable future. Each property will be owned by separate indepe...
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Hi,I have formed a holding/parent LLC company and a subsidiary/operating LLC company which is 100% owned by the holding/parent LLC. The idea is to buy rental property in the name of the subsidiary/operating LLC.I was...