Clarence Gong
OMG! The bank shutdown my business account under PATRIOT ACT!
I was told by this bank in Cleveland that they couldn’t verify the identity of my LLC and closed my account under PATRIOT act. They would not open it without verifying it at the first place. I thought. Could anyone gi...
Jonathan Farber
What amount reserves to keep in your rental bank accounts?
Hey all, doing some financial planning this week as we are looking to add some properties. Call me old fashion, but I like the idea of having a few months PITI (Principle, interest, tax, insurance). Any good rules o...
Wen Guo
Frozen bank account and only half the rent for now?
Hi dear BP members, I would need your help and would love to hear your opinions on this!I have just purchased a rental, the tenant came with it. He seems to be nice, works in hospital as technician, he does has house ...
Yael Fuerst
Out of State investment where should I open bank account
Hi,I live out of the States and recently bought a property in PA. I want to open a US bank account for my rental income and am wondering if I can do so in FL, where I plan to visit this week, or is there a benefit to ...
Brian Ma
Opening CD's and other accounts to est relationships with banks
Hi,Is it necessary to open a few savings, cds, credit cards, etc. to establish a new relationship with a bank/or credit unit to get future loans for real estate? Not sure if I should open a few accounts with a few th...
Mike M.
How do you have your bank accounts organized / set up?
Hey guys I'm wondering if there is a way I can increase my efficiency or improve my money management system the way it is. For those of you that have full time jobs (non real estate) and do this on the side - how are ...
Bhushan Shinkre
Lending platform with no-fee direct ACH to Bank Accounts
There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank). I'm honestl...
Marie Cabrera
A mortgage with foreign assets, job and bank accounts? How?
Hello All,I’ve been a US permanent resident for a little over 2 years now and I want to start investing in real estate. I spend the majority of my time in the Dominican Republic where I have my business and a few prop...
Nicole Heasley Beitenman
Need Youngstown-area investor-friendly bank to open new account
Looking to open an account at an investor-friendly local bank or credit union. We currently secure HELOCs on our rentals through Huntington but would like to utilize someone smaller. Our current bank does HELOCs on re...
Kale Leavitt
Is it normal to ask for screenshots of bank account?
We are in the process of buying a second home with 10% down. We sent in a purchase contract offer and our realtor came back and asked for screenshots of our cash reserves in order to show the seller that we could put ...