All Forum Posts by: Shawn Daniel

Hello All!

When first starting out, what did you find was the most efficient, least expensive way to set up your business entity? Is it highly recommended that I start out with setting up an LLC when jumping into wholesaling (1 or 2 deals) as a REI starting point?

I understand that this also comes with utilizing a business bank account and a business address (whether it be a home address, UPS PO Box, small office rental, etc).

Any suggestions or tips on getting started?

Thanks!

Hello all!

My name is Shawn Daniel from Southfield, MI. I have been interested in REI for a few years now and have finally decided to take the plunge. I am currently in the information gathering stage, trying to decide which area of investing I should pursue first. I'm thinking wholesaling (like most newbies) and lease options, but there's a TON of information to take in.

Ultimately, I would like to own residential and commercial properties to build a solid rental portfolio, as well as fix and flip properties once or twice a month. I'm extremely interested in getting my hands dirty and would love to be on the site assisting with the rehabs!

At this point, I am looking to network with like-minded individuals, team members or gain a mentor to help out with the start-up process. If there are any meet-ups in the Metro Detroit area or anyone looking to network, I would love to hear from you!