All Forum Posts by: Tristen M Walker
Tristen M Walker has started 2 posts and replied 7 times.
Post: How to Setup Business Accounts
- Posts 7
- Votes 1
@Zach Westerfield
Thank you!
Post: How to Setup Business Accounts
- Posts 7
- Votes 1
How do you guys/girls setup your business bank accounts? My questions are:
Do i need an LLC for a business bank account?
Can i hold multiple security deposits in one account? the money wouldnt touch my personal accounts so i dont see how that would be seen as commingling.
Do you use an account for rent/repairs as a “tenants/cashflow” account and then another for YOUR business expenses like printer paper and business trips?
Im new, thanks for your help.
@Noah Chappell
Sure does, thank you!!!
@Noah Chappell
Hey its me (the new guy) again,
What are some good ways to figure out my market/ what numbers i should aim for in my market? I know its personal preference, but how can i work towards setting my minimums?
@Noah Chappell
Thank you, i will keep that in mind while I analyze more properties!
@Andrew Kiel Thank you!!
Hello there!
When you guys/girls are looking for a new property, what are some quick calculations you do to determine if the property is worth pursuing? I know of the 1% Rule, 50% Rule, Cap Rate, Cash on Cash Return and a few others but i dont know how to take those numbers and use them. How do i take the math i have done and make the decision to analyze deeper into the property i am looking at? Thank you!