All Forum Posts by: NaTarrio Jones

I currently have multiple submitted offers on SFR properties with the purpose of implementing the BRRR strategy. I have not yet registered an LLC, however I do plan on doing so after I reach my max on conventional financing... My question is how should I set up bank accounts for the business. Can I designate one of my current personal accounts for the business since I am not yet operating under an LLC? Or should I open up a new business account before I close on any investment properties? What are your thoughts and what has worked for you? Thanks in advance.

NaTarrio

Welcome to the Community.  

You've come to the right place.   I am also a new investor and BP has been a gold mine of information.. My #1 tip would be to educate yourself and continue that pursuit of knowledge!

My neighbors just informed me that they would like to sell their home. As of yet, they have no agent and have not listed on MLS. I am very interested in their property; however I would like to know should I present the idea of doing a FBSO transaction or would it be best for us both to get agents. What are the pros and cons of a FBSO? Please let me know your thoughts...Thanks in advance.