Mark Douglas Hukill Jr.
Opening another bank account to receive rental income
I am going to be closing on a 3-plex with a VA loan in the next two weeks or so. I think opening a new bank account to receive the rental income is what I am going to do. I would like to make it a business account, ho...
Lior Zilber
setting a bank account for outside US resident
Hi everyonei'm starting my investment's at the US and need help,does anyone know if and how it's possible to set up a bank account without being present at the moment(yet, a trip to the states is planned in several m...
Edmund Ricker
Bank that will open account for IRA/LLC
Good Morning Bigger Pockets:Can anyone recommend a bank to open a checking account for my IRA/LLC. I tried my local bank and they had no idea what I was talking about....I think they thought I was looking for a unico...
Stephen Brieloff
Airbnb and LLC - setting up business bank account
Hello!I operate an Airbnb listing, renting out the second bedroom of my primary residence (which I own). I recently opened an LLC for my other rental properties. With that, I have also opened up a checking account to ...
Aymee Flynn
What bank account to have rent deposited to
Hello,
My name is Aymee and I am new here! I am closing on my first investment property located in Peoria, IL in a few days and I currently reside in Los Angeles, CA.
I am trying to determine what is the best prac...
Viktor Singh
Type of Bank Accounts for Rental Real Estate
Hello,I am newbie. I wanted to understand that for my rentals should i open a business account or checking account for it ? What are the advantages and disadvantages of opening one or the other ?Thanks!
DJ Cummins
So...how many bank accounts do you have?
We are getting ready to buy property number two, and possibly number three in the next couple of months. My wife feels like we should have a bank account for every single property we own. I guess that is fine with 2...
Charley F.
Applicants: When to ask for bank accounts statements?
When should a landlord require to see bank statements of the applicants to see their financial stability?
I was recently advised that is common practice in the industry NOT to ask for personal bank accounts UNLESS th...
Vishal Amin
What type of bank account for an LLC?
I recently just completed the LLC process and got an EIN number. My next step is to create a bank account for the LLC. What type of bank account should I be creating for the LLC, of which my partner and I will have ac...
Ryan Duffy
LLCs, Bank Accounts, and Self Management (STR Property)
Hi all,I am closing on my first investment property in the next few weeks (state of AL for reference) and would love a bit of advice regarding the best way to run the STR business. I am purchasing this property with a...