Separate bank accounts for each flip LLC?

[Thuy Pham-Satrappe]

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.

[Michael Plaks]

@Thuy Pham-Satrappe

I see no point in creating a separate LLC for each flip.

Particularly in your state that charges a minimum of $800 for each LLC.