All Forum Posts by: Brian Greenway

@Lavonn Warren That actually sounds like a really good option and an economical way of getting some real applicable knowledge under your belt. The houses in the price point that we are viewing as possible investments all have things that potentially need repairing (we're looking for deals, right?) and so having a background and resource such as NACHI would be a real help.

Thank you, Lavonn. I appreciate you pointing out the advantages there. 

@Lavonn Warren I appreciate the feedback. I have been considering InterNACHI, but I also came across ASHI, The American Society of Home Inspectors. ASHI appear to be at the top of the pyramid. However, InterNACHI are endorsed by ASHI and the subscription format does appeal to me, also. I'm interested in how you feel about them after a month.

My apologies for not getting back to you sooner, but I've only just seen this!

Hi Jacob, my partner and I are looking to qualify as Home Inspectors and are currently researching the options available. I see this post is from a few years ago... Who did you go with in the end? Do you have any thoughts/advise on the subject?

Thank you for your comment, Mike. I appreciate it. We are exploring whether setting up an LLC strait away would be necessary, as we slowly begin investing. As I mentioned, we will be receiving some capital shortly, with which we will move forward. This should cover us for 1, possibly 2 cash purchases in our area. Our strategy would involve refinancing these properties at some point, to release that equity and expand our portfolio. I'm curious how operating through an LLC would affect us initially, particularly with the refinancing options. This is something we are exploring and we appreciate your feedback. Our closest REIA appears to be a few hours away from us, but Thank You for pointing that out and it definitely looks like a resource worth using.

Hello Bigger Pockets Forum.

What are the Pro's and Con's (if any) of operating as a Real Estate Investor, via a Business Banking Account. Could this help, open opportunities or hinder, exclude us from other opportunities. Particularly from a newbie's perspective, as we grow and get the locomotive up to speed.

As I mentioned in the description, my partner are about to receive a sum of money, which we plan to use to buy real estate. We are not entirely sure where to hold it until the right property comes along - savings account, checking account, etc. Given that we plan to potentially establish an LLC through which to operate, we are exploring a business banking account.

We understand that we would have to register the company, receive the certificate, obtain Tax ID no. etc, before setting up a business account, should we go that route.

Our question is; Is there any value to investing in real estate through a business banking account (as newbies) or could this potentially have negative consequences - i.e. being refused an FHA loan, should it be an option for us to buy as individuals, but with the capital coming from our business account.

NB; we are hoping that the capital will cover our first purchase completely and then some. That being the case, the above concern would not be an issue. We are simply exploring the Pros and Cons of operating through a business banking account.

I look forward to your responses,

Best, 

Brian Greenway.