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All Forum Posts by: Jeff Honnold

Jeff Honnold has started 1 posts and replied 2 times.

Post: Relay bank for investing?

Jeff HonnoldPosted
  • New to Real Estate
  • Florida
  • Posts 2
  • Votes 1

Thanks Charles!

Post: Relay bank for investing?

Jeff HonnoldPosted
  • New to Real Estate
  • Florida
  • Posts 2
  • Votes 1

Hello,

I am setting up my LLCs this week to start my real estate investing journey and shortly thereafter plan on setting up bank accounts for those LLCs. Was looking into Relay bank after hearing Pace Morby talk it up. I see that they don't currently have physical checks (though will send one on your behalf) and it takes 6-7 business days for a check to show up in your account after depositing via their app. Should this be a deterrent? I intend to invest long-distance in small to medium size multifamily properties and hire property managers, not sure how often physical checks will be needed.


Appreciate any feedback or other bank recommendations, also looking into NBKC and LendingClub.