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Updated almost 13 years ago on . Most recent reply

User Stats

396
Posts
36
Votes
Terry Portier
  • Engineer
  • Wichita, KS
36
Votes |
396
Posts

Launching a Construction and REI business

Terry Portier
  • Engineer
  • Wichita, KS
Posted

Hi everyone, I'm 22, senior last year of Business Entrepreneur College, Bachelor's degree. I have been working for a construction company as a general contractor for about a year, manly insurance claims. I want to branch off and start my own Construction and REI business this summer. My priority is finding a temporary place to life and the REI side, and I have a construction crew in place I manage and market. Based on what I read on these forums, my initial steps are as follows.

1. Devise a business plan outlining my vision with as much detail as possible. My business plan will be two fold, construction that seeks rehab work, and REI that rehabs flips and/or rents properties.
2. Seek professional advice from an attorney to form my LLC based on my business plan.
3. Seek professional advice from an accountant and tax professionals.
4. Register business name.
5. Seek financing (pre-approval).
6. Learn market, seek my first property.

Thanks in advance for your comments,

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