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Tax, SDIRAs & Cost Segregation

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Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
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160
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Separate bank accounts for each flip LLC?

Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Posted Jun 19 2019, 09:12

For those of you who open a separate LLC for each flip property, do you open a separate bank account for each as well?

If so, do you close the account after the property has been sold? Do you open credit lines or anything like that? I'm leveraging credit cards to pay for materials on my flips and was curious how that would work.

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