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Updated over 7 years ago,
New Member in Arlington, TX
What's going on everyone! I'm Mario, I'm originally from Detroit. I just moved down to Arlington, Texas this past May to finance my Real Estate Business. I work for General Motors as a fork lift driver. The money is great, but the work isn't mentally rewarding for me. So I save as much as I can and buy property in Detroit to rent out. I filed for my LLC in August, and I actually just got my second house yesterday 😁😁😁! The market in Detroit is great (in my novice opinion lol), so I plan to buy and hold until I'm financially free.
I would like own a bar, grocery store, or laundry facility, but for now I just want to build a solid foundation so that can one day be possible. I stumbled upon BP while doing research on the real estate business. So I'm here to hopefully figure out my next steps, network, learn, and give any help I possibly can to others in need.
I have an LLC, with now one property under it. I bought my first one in my name, I want to switch it eventually. I'm trying to figure out who should I get my business bank account with, then I plan to establish my business credit through Quill, Uline, etc.. If that is in fact the best way. I plan to grab a business credit card after that. I also need to establish my team, I have a locksmith, in need of a reliable handyman, etc. I'm wondering do I need to contact a lawyer or accountant at this early stage? Just trying to get established and organized, it's so much information to consume! Any and all input is greatly appreciated! Thanks
DeMario Drummond