Creating a business entity specifically for managing this property’s interests is a great move. You’ll then want to establish business credit and with the steps below you can have your business capitalized within a month. Walk into any national bank with the following tasks taken care of and you should be looking getting approved same day for at least a $10,000 credit card*.

We’d also suggest opening at least 5 total banks accounts to cover your business considerations. Separate banks may seem like overkill but it’ll start to make sense after you’ve secured least $10,000 in business capital from each institution. It’s also good practice to have diversified banking for separation of concerns.

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