First Property Bank Account

[Cody Godfrey]

My wife and I are under contract purchasing our first property. It is a triplex where we will be house hacking and living in one of the units.

My question is, would it be wise to open a separate bank account and run everything property related through that account or, do we use our personal account for everything?

Just curious as to everyone’s experience/opinions.

Thanks in advance!

[RJ Reynolds]

Direct and to the point, YES you should have an account for the property.