Sweta Jain
Is business bank account needed for rental income
Hi, I am starting to self manage my rental property and have below Qs. Please help?1. I understand its good idea to have a separate bank acc for rental income. Can it be a personal acc? I called WF and they said for b...
Matthew Terry
How are you managing bank accounts and profit?
Hello BP Mates,I'm a budding investor and went from 0 to three properties in 6 months. I will purchase one or two more by the end of the year. I want to get my systems in place now before things get busier for me. Thi...
Mike Davidson
Bank account number for direct deposit of rent
Drawing up a new lease for an existing tenant. They want to setup an automatic payment directly through there chase account. The standard lease simply asks for Place of Payment with name and address. Should I give the...
Tim Ball
Separate Bank Accounts for Each Rental or nah?
Hello BP World,I am buying my second property which actually is a duplex. (Congrats). Thank you. I have a separate bank account for my first rental because I am taking the advice from Brandon's book on growing your...
Allen L.
LLC owning other LLCs bank account best practice
Hi all, I was reading a book by Rich Dad Advisor Garrett Sutton and he mentioned opening a Wyoming LLC to hold LLCs operating in other states with weaker LLC protection. I wonder if anyone have done this?
My main qu...
Darius Johnson
Bank account for Real Estate Business in Georgia
I need to open up a bank account for my Real Estate Business. I am in Athens Georgia.Does anyone have an idea who is the best to open up an account with? What are your opinions and experiences? Not just Georgia, bu...
Kylie A.
Best Business Bank Account For Real Estate Investor
I’ve compared Chase, Bank of America, and Amex but I’m still feeling a bit lost. Here are my main concerns:
Wire Transfers: Outgoing wire transfers are a big part of my business. I noticed that Chase and Bank of Amer...
Jason Staine
recommendation of banks for Solo 401k checking account
Not having an easy go of finding a branch that can hold a checking account for our solo 401k. we are in North Jersey. Any recommendations would be great.
Allison Cutlip
Business bank account or regular checking and savings?
My boyfriend and I are closing on our first property soon which is a duplex where we will be living in one side and renting out the other. I am stumped as to if it is worth it to get a business bank account or just op...
Gabriel J.
Financial Reserve: How much to keep aside?
My goal in REI is financial freedom then retirement. I have one property now and am working on a second.But I was curious for those that are working towards financial freedom, how much should I keep in reserve per hou...