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...
Daniel Mrestani
LLC v. Personal Name & Bank Account for Rent Collection?
I think this is the right place...
Getting some of my ducks in a row to dive in.
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...
Alyson Wolfe
Transferring money into and out of an LLC bank account
Hi- I have recently formed an LLC with my partner at the request of a hard money lender in order to get a loan, they also want to see my personal funds in an account under the LLC. If I transfer my personal funds into...
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...
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...
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 ...
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 ...