How to start a real estate investment company?
How do you do it?
Where do you do it?
What do you do?
I know.
Let's talk about it.
So, in this video, I'm going to tell you why you do want to start a real estate company.
Number 2, I'm going to share with you the fastest way to start your real estate investment
company.
And number 3, I'm going to tell you the least expensive way to start your real estate investment
company.
Okay, so when we're starting a real estate investment company, there's 4 simple steps
that you need to do.
And the first step that you're going to have to do of course is name your real estate investment
company.
I know that sounds super simple.
We're not going to spend a lot of times here because that's pretty simple.
But I'm going to give you some tips and tricks on naming the business so you can get started
quickly.
And I'm going to give you one really important tip right now.
And I know we said start a real estate investment company.
But the crazy part about it is, most likely for some of the stuff that I'm going to teach
you, you do not want to put the words "Real Estate Company" in your business name.
And that keyword is real estate investment.
I'm going to tell you why.
Because many times when you're investing or starting your company the way I teach you,
you're going to want to borrow money in your business name.
And so, there's business categories.
And unfortunately, many real estate companies are like real estate brokers, real estate
agents.
Those companies like ReMax and Keller Williams...
You know, not saying any names but those type of companies.
And statistically speaking, they fail at a very high rate.
So, in many cases, they are deemed a high-risk business.
So often tell my students not to name their company with their name real estate investment
in the title.
I'm going to give you an example.
I have my company is called Texas Property Solvers.
That's one of our companies.
We have another company one of my friends that I own investments in.
It's Kingston's Properties.
So, again, we use the word properties.
We use the word "property solutions", we use the word "homes".
We really try to stay away from those words "Real estate investment" in the name of our
company just because it might flag the business and it lowers the amount of money that you
can borrow for your business.
Number 2, now that we have the name, you need to get the business license.
Yes.
If you are starting your own real estate company and this is what you want to do, please go
ahead and register your business with the secretarial state for the state that you are
in.
Now, yes, you can do Nevada and Wyoming and Delaware and all this other stuff that people
talk about.
Really not going to get in to that in this video because some of those things get really
complicated.
And for new person, I just don't necessarily think you should jump through those hoops.
But you do want to get your business license.
Now, you can get an LLC, you can get a Sea corp, you can get an S corp.
Not really going to get into that.
But you need to register your business.
Number 3, when you go to get your business license and register that business, like I
eluded to before, you're going to have to decide on your business structure.
So, what type of business are you?
Are you an LLC, are you a corporation?
Are you a sole proprietor and you're just not going to get the license and you're just
going to go ahead and do it without getting the business license because that is an option.
It's not what I recommend.
But it's definitely something that you can do.
So, the case comes down to what do you want to do?
What structure is best for you?
Again, Noelle is not an attorney.
I'm not CPA.
So, I'm not going to give you any tax advise.
But I will say this because I can't, legally.
Most of my students do an LLC and in the beginning, I did an LLC.
So, you might want to look that up for your state for where you are and see if that's
a good option for you.
Because in many cases, it is.
And it provides a lot of protections form your personal assets.
So, if something happens in the business, you are not going to be harmed usually if
you have the business license set up.
And then the last step when you're setting up your own real estate investment company
is you're going to set up your contact.
How are people going to contact you?
How are they going to find you?
So, I'm going to give you some really inexpensive ways to do this.
Like I said, you're going to need a phone number, professional.
You're going to need a professional email.
And you're going to need a professional website.
Right?
those are like the 3 basic things that I'm going to tell you that you need.
And this really basic.
And I'm going to tell you a way to get all 3 of those for free.
So, phone number.
You can get a google phone number for free for your business.
I encourage you to do that.
Now, there's other ways that you can get a low cost one like through Grasshopper or Freedom
Voice.
I'll put some links below to some low cost ones that cost me 10 or 20 dollars a month.
Not a lot of money.
But you really want to get a professional business number.
If you have a few dollars, I suggest doing the Freedom Voice or the Grasshopper over
the google number just because you can register your business' phone number with the directory
if your don't use a google number.
You cannot register google numbers as true business numbers.
So, you want to think about that depending on what your budget is.
The second thing for the email.
Again, once you get the website and you have your domain name.
So, whatever you name your business.
Just say you named it ABC properties, you may buy the domain name ABCproperties.com.
That's what you'll set your website up to.
And then you can do one of 2 things.
You can make a free Gmail or Hotmail or outlook email like ABCproperties@gmai.com or you can
get a professional email with your domain --ABC properties.
It can be just like your name @ABCproperties.com.
And then you come off really professional right from the beginning.
When you're dealing with people because you have a professional phone number.
You have a professional email.
You have a professional website.
Okay guys, so hopefully, you got all of that.
You got the least expensive way to do it.
You have professional way to do it.
You have a way to be incredible on day one to start your company.
And yes, Noelle even gave you advise on how to start your business with not even getting
your registered with the business and paying whatever fee that is.
Again, that's totally optional.
It is recommended.
But it is totally optional.
So, hopefully you enjoy this video.
You love the content.
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Please write below.
I read all of the comments.
I love replying and talking to you guys and answering your questions because I want you
to be successful.
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To your success.