What would be your first steps?

[Colin M.]

Hi there,

I've just setup my first LLC, in the state of Delaware with the intention of buying and holding MF properties throughout the US, currently i live in NYC, however - I'm looking at investing in Chicago. I know there are multiple partners to help you setup and achieve your first rental income, my problem is which comes first? I ring a RE agent and they tell me to get pre-approved, ask if I'm buying privately or through LLC, i go to the the bank and they tell me i need a RE to help me establish my budget, tax guys, lawyers, etc. Who would you speak to first and why

Would i be accurate in doing the following:-

Step 1 - Contact a bank to get pre-approved for as much as possible even if purchase price is lower - Should i do this as an LLC or in my personal name?
Step 2 - Contact a RE agent to start searching my criteria, what Im looking for and where.
Step 3 - Contact a CPA to advise how to buy - through LLC or personal - I know there are certain mortgage and tax differences in both options
Step 4 - Contact a Attorney to advise on how to best set up ownership/purchases, along with CPA
Step 5 - Inform RE agent on what/how i want to approach offers after speaking with CPA/Attorney
Step 6 - ??
Step 7 - ??

Interested to see peoples different steps you take from start to closing!

Much Appreciated.