Lisa Eisenhauer
Need a bank that will set up a checking account for an LLC owned by a Roth IRA
Hi, I am having the hardest time finding a bank that will open a checking account for an LLC because it is owned by my Roth IRA. Apparently this is an issue that other investors have faced as well, because it require...
Pamela Winslow
how do you turn property analysis into financial mgmt plan
Hello BP world! I am a new investor looking for my first property. For all of the great advice I have read on this site, I have not found anything that explains the best way to manage a property's financials? Shoul...
Chris Sweeney
Apartments.com 1099-K Requirement Question
I've been using Apartments.com (formerly Cozy.co) for rent collection for several years. I'm happy to provide them with my SSN for tax purposes to comply with the new IRS rules, but there seems to be a problem with Ap...
Jessica Singsavatdy
multiple LLCs, one airbnb account
For those of you who have multiple properties under multiple LLCs, how are you managing financials and books since airbnb only distributes funds to one designated bank account?
Account Closed
Mortgage for foreign national
Hi all,I’d like to know if there are any loan program for foreign nationals with 75LTV for both buy/rent and cash out refi.
Kelsey Goldstein
Best Banks for STR LLCs/Businesses?
Hello! About to create an LLC and purchase my first STR - curious what banks people use?Per Avery Carl's book "Short Term Rental, Long Term Wealth," I plan to set up the following bank accounts:Set Up Revenue Bank Acc...
Saxxon Rybski
Moving a property into my llc
The process is probably really simple and im just over thinking it. I seem to be having a little difficulty in finding a quitclaim deed form to transfer my rental llc.
Do i need to make a business bank account befo...
Sharad M.
Accounting for multiple LLCs?
Hello all,
I wanted to see how you guys are dealing with accounting issues of owning multiple LLCs? Do you have a separate bank account for each LLC you own? Or you have a main bank account for the primary LLC and us...
Mary Jay
What account do you use to pay your mortgages on your rentals to avoid comingling ?
Hi guys,
Ive been trying to figure out how to pay mortgages on my rentals to make sure there is no co-mingling of 2 different LLC's funds or my personal funds with those LLC funds.
So lets say you have a house that ...
Bellman Tumasang
How do you collect rents?
Let’s say my property rent not NOI is $1m a year. All tenants pay online using an online service or app etc. I have a property management company that I pay 10% so $100k.As the property management company manages the ...