House Flipping - Logistics

[Dan Marro]

All,

 I am getting ready to bid on foreclosed houses with an intention of fixing and flipping. My questions pertain to logistics more than anything else:

- do I need an LLC set up with a funded account beforehand?

- do I need to be pre-approved by a hard money lender before bidding, or are they ready to lend more so based on the potential of the property?

- how do I set up an LLC with an associated bank account, check writing capability, etc.?

 Thanks,

 Dan