Business Banking Question

[Sunny Shakhawala]

Hey Guys,

I do mostly syndications and private lending deals. 

Up until now, every transaction has run out of my personal checking account. 

I know this is less than ideal, and borderline idiotic.

I will continue to do the same type of business: Private Lending deals here and there. Syndications here and there. Buy and hold here and there.

I don't want to create a new bank account and new LLC every time a new deal pops up.

Any ideas?

Here's what I came up with.

Open a Capital 1 360 account (formerly known as ING) with my pool of money.

Create a subaccount for each deal I do. 

That way, all my real estate investments are in one account log in but segregated checking accounts.

I don't know yet if Cap1 360 does business checking, but do I need it to be business checking?

If you're someone that has multiple rentals, multiple private money deals, or whatever, how do you bank?