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I have one rental property, and am about to get one or two more. I've got to get official about this business now and am looking for opinions on your bank. I'll be opening an account just for the rental. Obviously if ...
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For those of you that are investing in U.S property as a foreign investor what U.S based bank account are you using? Please specify the country you are investing from so that others from your country can follow your ...
Just purchased single, out of state, property for STR. We reside in WA. STR in Boise, ID.
As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and ...
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Hi! If I set up a LLC to hold my real estate, must all my business expenses be paid via the LLC bank account for annual accounting purposes? For example, my air ticket expenses, food during my business trips, hotel, p...
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Hello, everyone. I have a newbie question about reserve funds. Let's say I have a number of rental properties, each with income, actual expenses, and reserve funds for capex or vacancy.1) Do you have separate bank acc...
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Hi- I am just starting out and plan on using the Profit First banking method. For my first property I will open five bank accounts. Three of these will be for the entire business (when I eventually have more STRs) and...
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Hi, has anyone had experience opening a business bank account in Delaware for a rental property located in another state? My holding LLC was formed in Delaware so I'm thinking if I want all the protections Delaware o...
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Hello! I'm just getting started and looking to set up my finances. My first step is selecting a bank for my business accounts. My personal bank does not offer business accounts so I wanted to see what other Denver/Col...
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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....
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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...