Kenneth Ginder
Funding LLC bank account w/ equity funds from personal mortgage
Are there any major tax implications when funding my LLC business bank account with equity funds from personal mortgage to finance a duplex build. Duplex mortgage is also in my personal name (owner occupied). The rent...
Eamon Conheady
LLC: Physical Address and Bank Account in state of filing
Hello, I am forming a parent LLC in WY that will hold my others. I will be obtaining a Registered Agent, obviously. But, do I need a physical address in the state? The RAs often charge quite a lot for mail forwarding....
Tzook Bar Noy
Any ideas for opening a US bank account for foreigners
Hello BP's,I'm not a US citizen and I would like to open a US bank account.Any ideas on best options, and more importantly the provide service and support online.Thanks!
Jonny Morris
Help please! Setting up the business/LLC and bank accounts
Dear BP,
Firstly, I would like to share that I am doing my best to learn and don't want to give the impression, as sometimes is the case, that I have not tried to find the answers.
I have my HELOC approved. I have...
Account Closed
My first rent check deposited into my bank account today!!!
It was a crappy day at work, working a job that is not what I want to do for the rest of my life... but then... The first rent check on my first rental unit deposited into my bank account today. And it suddenly seems ...
Cassie Jones
Best bank to open a business account for Real estate?
Hello! I am just starting out on my real estate journey. I have opened an LLC and I am looking for recommendations on the best bank to open a business account and get a credit card with.Thanks!
Carlo D.
Can't open a bank account for my newly formed LLC
I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY.
In the incorporating documents, I put my trust as the o...
Priti Gupta
First Time House Hacker - Separate bank account for rent collection?
Hi, I am new to real estate and I bought a house recently and planning to house hack by renting the basement out while I live in the house for a year or 2 and then move out and rent the whole house. My question is sho...
Joseph Almeida
LLC bank account while being recognized as a S-Corp
I formed my business as a LLC in November 2022 my accountant then formed an S-Corp with the same business name in march 2023 NY state back dated my S-Corp to November 2022 I didn't know I needed to open a new bank acc...
Alec Jacobs
What bank account should I use for my rental property?
I'm looking to fill my unit of mine with a tenant and I was wondering what sort of bank account I should use?
I'm assuming that a business account would work but I'm sure there is some nuance and tips that I don't kn...