Q. In the member forum I see articles regarding 2 types of Bank Accounts using trusts One is the "Funding Company Account" (Art.ID 99) and the other is referenced as "your Trust Bank Account"(Art.37 & 42). What are the differences in these 2 type of accounts?
A. The funding company account is used to raise private money and then lend that money as deals come across your desk. The account is setup so that you can keep investor money separate from your other operating account.
The trust bank account can be used for all of your banking but specifically for rents and other operating items. You can consider it your operating account.