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Updated 26 days ago on . Most recent reply
New Investor Getting Started
Hello,
I'm a new out of state investor. I live in San Diego, CA and purchased 3 single family homes over the last year, 1 in TX and 2 in OH. All are being used as LTR and managed by local PM. Working on getting my entity structures set up and need to separate finances. Any recommendations on which bank to use for business checking? Currently looking at American Express Business Checking and Bluevine (per Nerdwallet "Best Business Bank Accounts for LLCs") but open to suggestions.
Thank you,
Ryan
Most Popular Reply
I've used bluevine and there are some downsides to a online only bank. It's hard to get checks quickly, I know, who takes a check, but I've run into this before. Also they are not connected to Zelle, they are very average. They do have a good interest rates. I'd go with a larger bank like Chase.