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Updated about 10 years ago on . Most recent reply

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151
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Fasil Khan
  • Real Estate Agent
  • Elmwood Park, NJ
36
Votes |
151
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Choosing a business name

Fasil Khan
  • Real Estate Agent
  • Elmwood Park, NJ
Posted

I am in the process of creating a real estate investment company that focuses on flipping and rental properties in New Jersey then the possibility of expanding. I am looking help to pick a name as of now I am thinking Quality Properties of NJ but I would like some suggestions of possible? 

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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
1,507
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied

If you think you will be applying for bank financing under your business name at some point it may be wise to choose a name that does not indicate yours is a real estate business. Banks sometimes choose to limit their exposure to certain businesses and real estate has been out of favor recently. A loan application from a real estate company may be rejected before it is carefully reviewed during a time when RE is out of favor while a loan application from a company with a name that does not clearly identify it as dealing in real estate may get further into the review process. The further into the process you get the greater the possibility that your request will be approved.

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