All Forum Posts by: Albert H Shin

Hello,

I am in a partnership for a development deal, and with the project now over the LLC needs to be dissolved, but there potentially is a need for litigation.

The project was in Washington, but the LLC was formed in Nevada, and all parties involved are residents of Washington. Will this become an issue if things ended up in court?

thanks!

I am trying to look for properties with built AADU's or DADU's. What are some of your ways to find these properties without going to an agent? Zillow or Redfin doesn't seem to have ADU search functions

thanks!

I was wondering if you purchase a property via financing, is the "purchase price" the down payment you put in?  A lot of examples online seem to be providing scenarios of cash purchases like "a house purchased for 200k should generate rental income of no less than 2000/month.

my score is about 760 and i got approved for 80k

yeah I'm not sure why it did that - i did edit the post once after i noticed the mistake but i can't figure out how to delete this.  Here's my original question:

I recently purchased a property in Seattle for rentals. With the current economic state, I am not sure whether to Airbnb or lease. On one hand, Airbnb could see some opportunities with hotels closing down around the city, and assuming the city will be back to full operation (hopefully) in the next 2-3 months. On the other, people will be looking to rent more than ever, with tighter loan criteria and massive layoffs. Thoughts?

I recently purchased a property in Seattle for rentals.  With the current economic state, I am not sure whether to Airbnb or lease.  On one hand, Airbnb could see some opportunities with hotels closing down around the city, and assuming the city will be back to full operation (hopefully) in the next 2-3 months.  On the other, people will be looking to rent more than ever, with tighter loan criteria and massive layoffs.  Thoughts?

Ran into this material while doing a demo.  it's pretty soft and breaks down pretty easily.  Want to send it to a lab and test it for asbestos, but just curious to see if anybody can identify what this might be.

Just went through my first round with Richard Rice at Fund and Grow.  I was a bit apprehensive at first, considering the initial fee is a significant amount of money, but I was approved for 80k with a personal credit score of around 760, probably could've gotten more if it weren't for covid.

Everyone I dealt with at the company was communicative and knowledgeable throughout the whole process.  They were also prompt about providing the steps to erase the inquiries per the advertisement.  I would say the biggest plus for the service is convenience and the time that it saves if you aren't familiar with different types of credit cards and negotiating with the banks.

Great for supplementing your repair budget for projects.

I heard about FnG from a business partner - it's an interesting idea to have lines of credit at 0% APR to fund a project. From follow this thread it seems like the company is great for anybody getting started on their first project...but i'm a little concerned about it as a long term solution. From speaking to a rep there every round you are opening new credit cards to maintain your introductory 0% APR. This seems really weird to me how they can keep doing that. Am i missing something here?

Also there seems to be a mixed consensus on if the inquiry removal actually works or not.  Pretty concerned about this part if they actually open up new credit cards every round.

I thought about pulling the trigger, but my gut says stay away from it as a long term solution.  but still kind of on the fence.  My use for this program would be as a back up, if i run out of budget during a project and need to finish it.  It just doesn't seem prudent to have a lot of credit cards opened up in such a short period of time.

Change my mind?