All Forum Posts by: Brandon Chandler

What are the advantages of using a Business Bank Account for your rental property's holdings? Are there any?

I understand that you have to have an FEIN to open a Business Bank Account, but do you have to have your property titled to an LLC or other business entity in order to use a business Bank Account?

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Orange County, California

@Steve K.

Thank you so much for that valuable information. This will help me tremendously.

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I'm looking to purchase an off market property from a wholesaler using all cash and I won't be using an agent.

Pardon my ignorance, but am I correct in assuming the logical thing to do is walk the property with a contractor before making an offer.

Then, after I do this due diligence and I decide the property will work for me, what is my next step? Do I contact a Real Estate Attorney to get the proper documents in order? or Does the wholesaler handle this process?

Thanks in advance!

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Originally posted by @Cherie Ganesh:

My husband and I have developed relationships with folks we use but we haven't needed a general contractor. Over the years we now have electrician, HVAC, plumber, roofer, drywaller, and a general maintenance guy who takes care of stuff not requiring a license. Finding a good HVAC person was hardest. Husband actually went to two HVAC classes so we wouldn't keep getting screwed. If you're planning to flip, you probably need a GC. You might stop anytime you see a house having major renovation and see who GC is and what the job site looks like. A good GC would have multiple trades working at same time and site should look pretty clean. I spent years in store development for a retailer and met many GC's overy the years and got pretty good at walking onto a job site and seeing if GC was doing his job or not.

Great idea. Thank you for the info.

I do have a guy that does any work needed to my primary residence, but he runs a two man operation and is swamped with work at all times. He does extraordinary work at a great price, but I have to plan ahead for him to be able to fit me in his schedule so I'm just shopping around for talent.

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Memphis, Tennessee

Hi all,

Can anyone recommend some General Contractors in Memphis or the surrounding area that has done solid work for you, and hasn't screwed you too badly? I'm in the process of building my team, and any suggestions are greatly appreciated.

Thank you in advance!

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Memphis, Tennessee

@Elenis Camargo

For a brand new investor like myself who is in the analysis phase, your journey and story gives me hope that I too will some day leave the sidelines and jump into the game as an active investor. Thank you for telling your story.

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@Sean Tagge

Thank you. I will check it out.

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@Haim Mamane Palman

Thank you.

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@Haim Mamane Palman

Hi Haim,

Are you still an active wholesaler in the Memphis area? I'm looking for my very first deal and am interested in seeing what you have available at this time.

Thank you for you time,

Brandon

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Originally posted by @Brandon Chandler:

@Skyler Wheeler

Makes sense. Thanks and congratulations on your deal! I wish you continued success.

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All Forum Posts by: Brandon Chandler

Brandon Chandler has started 6 posts and replied 27 times.

Post: Advantages of using a Business Bank Account

Post: Using Cash to Purchase Off Market Properties Without an Agent

Post: Using Cash to Purchase Off Market Properties Without an Agent

Post: General Contractors in Memphis

Post: General Contractors in Memphis

Post: $1.3 million in deals done in 2 years from out of state!

Post: searching for wholesaler in memphis

Post: searching for wholesaler in memphis

Post: searching for wholesaler in memphis

Post: Finally Closed My First Deal!