All Forum Posts by: Donovan James

Hello all,

I am currently in the process of purchasing my first rental property and attempting to set up a business checking and savings account. In order to do so, however, a FEIN is required. Should I register for a Sole Proprietorship or LLC, or just avoid setting up the business accounts in the first place? All advice and opinions are appreciated, thank you in advance.

Best,

Thank you so much, your response was extremely helpful!

Hello all,

I was wondering if it possible to do owner financing if the seller is using a real estate agent to sell the property? I am just curious if I should make this suggestion to the real estate agent for the property. Thank you in advance!

Best,

Donovan James

Hello everyone,

I am going for my first showing tomorrow to see a single-family home. I was wondering some good questions to ask the real estate agent and any other important things I should know. Any suggestions and tips would be greatly appreciated and extremely helpful. Thank you!

Hello all,

I am currently a junior in college and looking to start investing in real estate. I originally planned to save up and wait until I was out of college to get started but I can not wait any longer! I already have enough money saved up to cover a down payment and rehab costs comfortably. I have called a local bank and like I expected they would like previous paystubs from my w2 which I do not have because I work for myself. Any suggestions on ways to present a 1099 or other ways to get financing without a w2? Thanks in advance!

Best,

Donovan James