Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Nick Thomas
1
Votes |
5
Posts

Business Credit Card setup, can I have one or do I need one each?

Nick Thomas
Posted

Hi BP! 

I would like to get a credit card for expenses and want to ensure that I set it up right from the beginning. Am I going to need a credit card per sub LLC that owns the various real estate OR am I able to set it up under my holding LLC and manage all of the expenses through that single CC? My thought was to have separate checking accounts for each property and a savings for the holding LLC for ease of transfers and tracking.

Current setup:

Single member holding LLC

  • REI 1 - duplex
  • REI 2 - airbnb
  • REI 3 - duplex
  • etc.

    Loading replies...