Jason Elbers
Flippers organizing bank accounts
Flippers, what's the best way to organize your bank accounts?
I have a personal account and an LLC business account.
Currently, I keep the bulk of my money in my personal account and transfer funds as needed to my LLC...
Michele Z.
Account organization when first starting out
Hello BPers!Quick question. Looking to purchase our first property by April/May of this year. Assuming it's bet to make sure that funds for REI don't co-mingle with private funds from the get go, but I also feel it's ...
Ash Ogunleye
Top 10 Adwords Mistakes That Will RUIN Your Business!
Hi there,Actually this list comprises of 13 costly Adwords errors, but I put 10 in the title because I’m a marketer :) Anywho, let’s get to the list!#1 Basic Account Setup Errors - Check account setting. You need to ...
Jeremy H.
Bank Accounts - How do you organize them?
How do you all organize your rental property bank accounts?Bank Account per property? Pros: Would be very easy to see expenses/costs etc. Cons: Would end up with lots of Bank Accounts but still organize them all under...
Oren H.
CA resident holding multiple LLCs
Hi BP members, I understand that as a California resident, if I open up an LLC to hold my out-of-state real estate, I still have to register the LLC in CA and pay the $800 CA fee.I want to set up multiple LLCs in diff...
Samantha Kincaid
Bank Account per Property?
Should we set up one checking account per property?My husband and I purchased our small single family a few years ago. We are in the process of purchasing a duplex with additional rented storage space where we will mo...
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 ...
Federico L.
May seem like a dumb question... How to organize bank accounts?
Dear BP family,When I bought my first rental, I paid from a personal savings account. I had another idle savings account where I started depositing rents. Months later, I opened a personal checking account where I tra...
Jeffery Drayton
Collecting rent on property in own name
Hello Everyone,I was wonder what type of structure is best for collecting rent on a mortgaged property that’s under my personal name. I know about transferring it into an LLC but I don’t want to trigger a “due on sale...
Roman Stefaniw
Help with Organizing Spreadsheets
Hi everyone! I just closed on my first duplex and I'm going through the process of organizing my money through spreadsheets. I have no previous experience with organizing money for an accountant like this and I'm gett...