All Forum Posts by: Andre Deville

@Mike S. hey it seemed that you hit closer to my concern. It wasn't all about tenants knowing my address although that is a concern. I had multiple people stating that they where not able to use a bank account with a p.o. box or ups box so I was wondering what would be another alternative if there is one. Are virtual addresses beneficial or do they get caught by the banking system? 

@Patrice Boenzi I would personally fund the accounts with enough capital to make minor transactions to cover the minor loans to establish tradelines. You are not doing any rental properties in the Delaware entity are you?

@Patrice Boenzi Is the Delaware account for amenity? I definitely understand what the attorney was explaining but it just depends on what you plan on using your entity for. I want to establish credit strictly through the business account also so I don't have to pg anything.I plan on having all the corporation papers in line which you can do yourself. 

@Patrice Boenzi From my understanding you can easily form companies yourself use net 30s and cards to establish some type of credit to utilize for different transactions. I have seen it done on multiple occasions mostly using the home address. I have read that you cant take advantage of all the potential bank funding because the business wont look as established as if you had a actual office location.

@Michael Ablan OK no problem. Thank you for your advise.

@Michael Ablan

Hey @Patrice Boenzi I currently don't have a attorney yet. I just wanted to form a company to start the process of building business credit and work my way up.

@Michael Ablan - So in your professional opinion I Should just get one started now at the home address. Establish some type of credit and then worry about a new address further along the road if need be? Also unrelated I thought owning too many properties under one entity was not a great idea just in case of collateral damage in cases of a lawsuit. What is your opinion on that?

I am trying to get started on real estate investing out of the Chicago area. I have be under the impression that using your home address to start a business entity is not the greatest idea. I've read in multiple articles that a better inexpensive solution would be to use a virtual address. I was looking into going that route because I want to utilize the entity credit rather than my own as much as possible. The problem that I'm having is that I don't know if any are actually reliable. The one I see in most articles is Regus but upon looking at comments it seems like a terrible route to go, mainly do to customer service and extra charges. I also seen that many people using the V.A services had a problem with setting up a bank account because the bank was able to recognize that they were using a V.A. I seen 2 other companies on the list Alliance and Davinci but I could not find any other information about them outside of what they had on the website. If anyone has some solid advice on the V.A.s or any solution to avoid using your home address for you llc to get the most out of building business credit it would be greatly appreciated. Thanks in advance.

I am trying to get started on real estate investing out of the Chicago area. I have be under the impression that using your home address to start a business entity is not the greatest idea. I've read in multiple articles that a better inexpensive solution would be to use a virtual address. I was looking into going that route because I want to utilize the entity credit rather than my own as much as possible. The problem that I'm having is that I don't know if any are actually reliable. The one I see in most articles is Regus but upon looking at comments it seems like a terrible route to go, mainly do to customer service and extra charges. I also seen that many people using the V.A services had a problem with setting up a bank account because the bank was able to recognize that they were using a V.A. I seen 2 other companies on the list Alliance and Davinci but I could not find any other information about them outside of what they had on the website. If anyone has some solid advice on the V.A.s or any solution to avoid using your home address for you llc to get the most out of building business credit it would be greatly appreciated. Thanks in advance.