Mindi B.
Separate checking account for each rental?
I am closing on my second rental prop next month and want to use an LLC for asset protection. In order to receive rents and deposits I'll need a business checking account.
From what I've learned each property should...
Leah Mohtes-Chan
Checking and savings account? Money market?
Hi all,
I have one rental right now and I want to open a separate “rental” bank account. I am going to save all of the cash flow for maintenance, cap ex, future property investments, etc. and want to take advantage ...
Luke Ostergaard
Checking/Savings Account for Rental Property
I have seen several different opinions on this matter but I wanted to get some up to date recommendations. I am working on acquiring and moving into my first househack (2-4 unit property) sometime within the next 3 mo...
Justin Smith
Checking/Savings Separate Accounts per property???
I'd be really interested to hear how everyone separates their checking/savings accounts as far as for rental properties and also for saving up for the next investment? Do you prefer a single account for each property ...
Benjamin Ellis
Personal vs. Business Checking Account help!!!!!!!!
Hello BP'ers:I am in the process of starting out as a wholesaler. While I haven't completed my first deal yet, I want to start to set different things up that are associated with my business. I know that I need to k...
Charles Cook
Question about account opening bonus for IRA-LLC business checking account
Hi everyone - Just getting started on BP (my first post here!) and with my first investment from SD IRA. I have already setup the IRA with a custodian, and am in the process of incorporating a special purpose LLC to m...
Bryan Caprioli
How many checking accounts do you have?
Do you have a separate checking account for each property/LLC or 1 main account that all of the properties run through? This is a question for everyone that manages their own properties, as well as anyone who manages ...
Daniel Gonzalez
Business Credit Card and Checking Account question
What's up BP! I have 2 quick questions regarding taxes and accounting. I know some of you may or may not be CPAs and I should speak to mine, but I wanted to see if anyone has an answer. I have tried getting in touch w...
Connor Mckelvey
Sepaerate Checking Accounts For Each Rental Property?
Hello!I have an offer in on what will be my second rental property and I will be purchasing my 3rd later this year. For my first property I opened a new checking account for reserves and for receiving rent payments fr...
Aamir Shah
Managing personal and business properties checking accounts
I have a few homes that are held through an LLC and a few homes that I personally hold title to. Would there be issues with paying mortgages that I hold title to from my business checking account? Or should I segregat...