Catherine C.
Moving money from LLC bank account to personal Roth IRA
Hi All. What is the best way to do this? There is money in our business LLC bank account, however we'd like to transfer $6000 (the annual max) to a personal Roth IRA. Any tips appreciated, thanks!
James Munoz
What’s a good bank to open a business account with?
Hello BP family! My team and I just bought our LLC and are looking to open a business account. Does anyone in Houston, Tx have a recommendation for a good bank to worn with? Thank you in advance!
Sattir Bitti
Foreign bank account funds for reserves (6-7% interest rate)
Hi BP family,
I have a foreign bank that gives around 6-7% interest on CDs, as compared to near 0 interest rates in US banks. Do lenders consider this amount as part of my reserves when new loans are originated? Th...
Nate Palmer
Tenant demands I return security deposit to their Bank account
My tenant moved out and won't provide a forwarding address as they say they left the country. They are requesting that I go to their bank and give their bank the security deposit to the account number they have provid...
Krishnan T.
Taking money out legally from bank account associated with LLC
Hi BP folks!,Are there any procedures that I have to follow to take money from bank account associated with a LLC upon the sale of property , the property was sold at a loss .thanks!
Sam Mitchell
How do you structure your business? (LLCs, bank accounts, etc.)
I'm wondering how people with multiple rental properties structure things like insurance, LLCs, bank accounts, etc. I currently have each individual property under a separate LLC, with its own bank account, and its ow...
Account Closed
Anyone has experience with Payoneer?(Out-of-country bank account)
Hi,I am a non-resident alien living in the US. Since I have an address here it was not hard for me to open a bank account. Other Non-US citizens I know also want to invest in the US but opening a bank account is a cha...
Aaron K.
Question about how property managers collect rent - who's bank account?
I'm hiring a property manager for two properties I own. I assumed that we'd set him up as a co-signer on my business bank account, the business that owns the property. This way we could run all transactions through...
Aisha Brown
$150K in Savings Account- Just got Denied by my Bank
Hello everyone! I am new investor in SC and I am eager to get started with buying my first rental. I thought that I would be a shoe in with getting approved by my bank because of the fact that I have over $150k in sit...
Kyle O'Connor
Bank Refuses to setup account of Checkbook control SD IRA
Has anyone been told No when trying to setup a bank account for their Self Directed IRA owned LLC?My bank for decades now said they aren't willing to do it but wont tell me why.