All Forum Posts by: Nate Baylor

New investor, just collected my first rental check on a single family home in London Ontario. Looking to open a separate account to start tracking income and expenses, and was wondering if I should open a personal checking account, or register a business and open a business account. I am looking to scale and purchase more property in the future, but the home is under my name, so I'm not sure how a business account could reduce my liability or provide tax advantages. Picking a cool business name however, could stroke my ego a little. How would you structure this? Thanks for any insight you guys have!

What's up everybody - I'm a new investor in the London area, owning a cash flow rental property in OEV, and studying for my real estate license. Essentially got my start a few years ago, purchasing a single family home, putting some reno love into it, and getting a tenant. After some research, I realized I was already 3 steps into the BRRR strategy and saw the potential for growth. I'm focusing on buy-and-hold cash flowing properties, and am looking to make my next purchase a triplex/quad that I can have as a primary residence. Excited to dive into Biggerpockets and soak up everything I can from the wealth of experience here.