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Updated over 7 years ago on . Most recent reply

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10
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DeMario Drummond
  • Arlington, TX
4
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10
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New Member in Arlington, TX

DeMario Drummond
  • Arlington, TX
Posted

What's going on everyone! I'm Mario, I'm originally from Detroit. I just moved down to Arlington, Texas this past May to finance my Real Estate Business. I work for General Motors as a fork lift driver. The money is great, but the work isn't mentally rewarding for me. So I save as much as I can and buy property in Detroit to rent out. I filed for my LLC in August, and I actually just got my second house yesterday 😁😁😁! The market in Detroit is great (in my novice opinion lol), so I plan to buy and hold until I'm financially free.

I would like own a bar, grocery store, or laundry facility, but for now I just want to build a solid foundation so that can one day be possible. I stumbled upon BP while doing research on the real estate business. So I'm here to hopefully figure out my next steps, network, learn, and give any help I possibly can to others in need.

I have an LLC, with now one property under it. I bought my first one in my name, I want to switch it eventually. I'm trying to figure out who should I get my business bank account with, then I plan to establish my business credit through Quill, Uline, etc.. If that is in fact the best way. I plan to grab a business credit card after that. I also need to establish my team, I have a locksmith, in need of a reliable handyman, etc. I'm wondering do I need to contact a lawyer or accountant at this early stage? Just trying to get established and organized, it's so much information to consume! Any and all input is greatly appreciated! Thanks

DeMario Drummond

Most Popular Reply

User Stats

602
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250
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Bryan Pham
  • Rental Property Investor
  • Oakland, CA
250
Votes |
602
Posts
Bryan Pham
  • Rental Property Investor
  • Oakland, CA
Replied

Those are some great goals, @DeMario Drummond! Keep up the good work!

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