All Forum Posts by: Mindi B.
Mindi B. has started 3 posts and replied 32 times.
Post: Separate checking account for each rental?
Mindi B.Posted
- Real Estate Investor
- Phoenix, AZ
- Posts 33
- Votes 9
@Brian
I am going in 50% with a family member for this house. They have numerous properties free and clear, thus the need for the LLC and asset protection. Otherwise I wouldn't even bother.
Post: Separate checking account for each rental?
Mindi B.Posted
- Real Estate Investor
- Phoenix, AZ
- Posts 33
- Votes 9
I am closing on my second rental prop next month and want to use an LLC for asset protection. In order to receive rents and deposits I'll need a business checking account.
From what I've learned each property should be a separate LLC and checking account. If I acquire 10+ properties, do I need a checking account for each one? What do people do when they have 50+ properties??