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Updated over 8 years ago on . Most recent reply

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10
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Dennis Mejillones
  • Gaithersburg, MD
7
Votes |
10
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Some Guidance?

Dennis Mejillones
  • Gaithersburg, MD
Posted

Hello, so Im sure you guys get these questions all the time and are probably sick of seeing them and by now have probably seen this introduction too dozens of time but here goes anyway :) 

Im a new investor and want to get in getting into rehabbing and flipping properties. As I go I would also like to acquire rental units over time as well. So I have been doing a ton of reading here on the forums and listening to the podcasts. I am going to a REIA meeting in the beginning of August, but IM wondering if in the meantime I should be incorporating somehow and opening up a business bank account. I am eager to prepare for my entry into this and was wondering what preparatory items I should take care off initially. I am abstaining from making any actual moves until I meet people at this meeting and get to talk to more experienced folk, but at the same time I'm really eager to jump in, with caution of course. Thanks for any advice!

Most Popular Reply

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2,771
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1,233
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
1,233
Votes |
2,771
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
Replied

Hi @Dennis Mejillones 

Congrats on getting started. 

Sure you can open an account. No harm, but doing so is not investing. It's busy work.

Going to the REIA and placing offers is how you'll move the needle. Best to you - go place some offers.

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