Rental Property Investor · Chicago, IL · Member since 2019 · 8 posts · 2 votes
Just got under contract to purchase first investment property and need help getting finances set up any Recommendations? Preferably in South Chicagoland area!!!!
A tip for new investors is to open up a separate bank account for your business/rental related activities. This will allow you to easily determine at the end of the year what is business and what is personal.
I would also download an app to keep track of your miles that you drive for business related purposes.
This will all be handy when you work with your accountant.