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Results (10000)
Axel Meierhoefer 9 SFR, 9 locations, 18 bank accounts - or how to manage?
15 March 2019 | 67 replies

I am about to dive deep into a 1031 exchange and the end result could be 2 SFR in 9 locations compared to my current 3 SFR in 3 locations. All my properties are turnkey managed. So far I have always had individual ac...

Shera Gregory Beneficial ownership rule for new bank account for SD IRA LLC
27 November 2018 | 6 replies

The new bank rules require someone to be named as the beneficial owner of the account.

Under the Beneficial Ownership Rule,1 a bank must establish and maintain written procedures that are reasonably designed to iden...

Thomas Guertin Looking for a company to take rent from Tenants bank account.
28 December 2014 | 3 replies

I am looking to see what services are available that will automatically take the tenants rent payment from their checking/savings account (ACH) every month.  I don't want the tenant to pay online, I want the service t...

Mick Harvey Multiple units, multiple LLC's, multiple bank accounts, who pays the R&M?
21 January 2015 | 3 replies

Getting to the point of multiple LLC's, owning units, which have back accounts linked to them. We have an individual that is our PM, no company, working for us. Question: who or what should pay the R&M costs. If w...

NaTarrio Jones How should I set up bank accounts for my REI Business.
12 August 2016 | 2 replies

I currently have multiple submitted offers on SFR properties with the purpose of implementing the BRRR strategy.   I have not yet registered an LLC, however I do plan on doing so after I reach my max on conventional f...

Jose Calderon I Got LLC and my tax id number and bank account
8 May 2016 | 1 reply

what bank would let me borrow the money I need to start investing on  income propertys or what I need to show them to get the money 

LaQuan Bates Will Banks take into account a Part-Time Job on application?
17 November 2019 | 7 replies

Hello BP Family, I plan to get a Pre-Approval soon to better understand the price range and types of properties I should be looking at for my first House Hack. I recently moved to the DMV from the Midwest(Go Bears!) a...

Patrick Torres Setting Up LLC & Bank Account for Buy and Hold Strategy?
15 November 2019 | 1 reply

If I purchase a property to rehab and hold long term, how should I consider setting up my financial accounts? Assuming I wanted to transfer it into an LLC, does my LLC needs it’s own bank account in the companies nam...

Elan Radbil What to consider when opening a bank account for your LLC
11 December 2019 | 1 reply

My partners and have just created our LLC and we are looking to close on our first deal in the next 45 days. We are starting to work out where we would like to hold the LLC's money. Outside of your typical fees (minim...

Renee R. Ways to pay rent electronically when tenant has no bank account?
6 June 2017 | 8 replies

Is anyone aware of any services where a tenant can pay his rent electronically without having a bank account? I'm aware of services such as popmoney.com, but I don't know of any that you can use without having a bank ...