All Forum Posts by: Jennifer Griffin

I have started an LLC and would like to begin adding trade lines and build my business credit. I have done some research and read blogs, watched videos, attended a business credit seminar etc so I understand there is a process to this. My question is can anyone share what companies they have found that will do NET 30 for new businesses with no existing business credit history? I know of Quill, Uline and Gemplers but would love to know others. My goal is to achieve at least 5 trade lines in phase 1 credit building.

Thanks!

Brandon L. Indeed! I do attend a few as that is my way of slowly building my network and help interact with new people and increase my visibility. For me, I am a huge introvert, so I value one on one interaction a lot. I am seeking to create a balance and utilize platforms like this to help me.

Hi, I am very interested in gaining real world exposure by shadowing an experienced investor here on Oahu. I also desire someone who has made investments on the mainland. I am slowly building my network and am taking online education, listening to podcasts and doing independent reading, however, I hunger for more hands on exposure. It is difficult for me to grasp certain things without being able to witness it or experience any real transactions. I have asked for referrals, however, seemingly get directed to RE Agents, not Investors to connect with. I am very new to all of this and no one in my immediate circle has experience with this (yes, I am building out my circle and it is a process). I am absorbing a lot of information and it can feel like overload when I am taking so much in and not exercising it. I desire guidance and a focus, not be all over the place with tons of information and not knowing how to use it or knowing the right questions to ask. I would love to connect with someone over tea, make introductions, develop a mutual interest and benefit and begin a serious journey of learning through observation and interaction. Thanks!

I agree with @James Austin, putting myself in your shoes, I would start out with some financial literacy fundamentals like Dave Ramsey's financial Peace University and then follow up with some fun and creative activities. One could be Rich Dad Poor Dad CASHFLOW game for kids. This could serve as a safe and interactive way to teach fundamentals and begin creating a mindset. Another way is giving your child an opportunity to have ownership of something small, manage it and see how he/she does. This will serve as a great way to reinforce certain concepts, behaviors or thought process. 

@Roberto Costa no I haven't. I came to the forum because I didn't find anything very detailed in the search engine. 

@Manly Souza thanks. It's great you are local and know the market here because it's an entire different beast than the mainland. I will like to add you as a professional connection and pick your brain. 

@Zack Karp thanks for the tip. That's cool to know. I have never done a refi before so am not well versed on the requirements. 

@Brent Coombs I have yet to confirm those numbers, however, I ask this question making the assumption, in theory, it will. I am just brainstorming and educating myself on options. 

@Edgar Claudio thanks for your feedback. I know we have not maxed out the entitlement, however, my concern is we bought our property in Hawaii where the entitlement is adjusted for the high cost of living. When we return to the mainland, I am not sure we would have much left to work with under the standard entitlement to even get a second mortgage. I'm sure it is still worth talking to a knowledgeable VA lending specialist to get clarity although I feel either way we would have to look into a conventional or alternative lending source depending on where the next duty station takes us and if we want to invest there as well. So it always helps to see what others have done in this scenario.

Hi everyone, I just wanted to get feedback on other experiences or considerations regarding the following. It would be most helpful to have some clarity and guidance around this topic. 

My husband and I have recently purchased a home using a VA loan (less than 6 months ago). By the time we may be required to relocate, we will have owned our primary residence for 3 years. We have an interest in keeping the property long term as part of a future portfolio we aspire to build and don't want to keep the VA entitlement tied up in this property. I am curious to understand any limitations and considerations to help evaluate options and strategic planning. Creative financing recommendations are more than welcome.

In short, we have thought of doing a refi shortly before we have to relocate and turn it into a rental. I feel easier said than done and want to have an honest expectation of what we need to do to achieve our goals. Has anyone else done this? What was your experience like? What are some things that are important to know ahead of time? Getting as much information ahead of time can also help us plan to account for any costs or cash reserve requirements we may require over the next few years.

Thanks in advance!