All Forum Posts by: Kai Kopsch

Amex has regular bank accounts and business lines of credit. This lending over Kabbage Amex small business has nothing to do with their CC department. But sometimes, it makes sense to use a CC for smaller projects. I finished my last project with a CC from Amex Blue Business plus 30K 0 APR the first year and 2 x bonus points plus a signup bonus.

Establish a relationship with local credit unions and some big players like AMEX. First, Savings accounts let them season 6 months on open business checking/credit cards and afterward get a business line of credit. I know people have a 150K Small Business Line Of Credit with Kabbage Payments, LLC (AMEX), with no documentation.

@Louis Louisius, congrats on starting investing in RE. As a first-time buyer (living in the Property for at least two years), buying in your name will get you a lower conventional loan rate. There are also FHA/VA loans UDSA and some first-time buyer incentives if your income qualifies, some with low as 0-3% down. Later if you have multiple properties, you can change your ownership easily to an LLC for all the advantages an LLC has. I'm just a realtor best is to get advice from a mortgage broker or attorney. 

@Josh Baney great you found BP website. Charlotte is one of the hottest RE markets in the nation; you probably would sell your home quickly, but with just 2.2% with 13 years left, I recommend not selling at this point. Home value growth in Charlotte is expected to be much slower this year than last year, but we still have growth in CLT. Find a good renter and take a home equity loan at much cheaper rates than using hard money.

Terrible idea to start a transaction with tax fraud! And I don't think it would be possible; where is the collateral for the 1m? Besides, tax assessors know values and don't care about your contract in a case like this.  

@Luis Puello hang your RE license with a small brokerage that does buy and hold and property management and learn, perhaps even get paid in that time. My wife changed carriers a few years back and worked as a transaction coordinator during around 80 transactions a year for a brokerage team; her co-workers and BIC mentored her for a year, and today four years later, she is crushing it in the RE industry.

Airbnb CEO Brian Chesky on Twitter.

New changes will also come to the guest checkout experience, Airbnb announced. Hosts won’t be able to require guests to do labor-intense chores, like vacuuming or doing laundry, but can direct them to do light cleaning and housekeeping tasks, like throwing food away or turning off the lights.

Chesky called those smaller tasks reasonable on Twitter, noting they’re things you would do “when leaving your own home.”

@Ryan Swigart , a good realtor, has his team together to ensure the transaction goes smoothly. It's a learning curve after getting burned with lenders always being late or worse, unable to close, and inspectors who don't find anything, you find the team you know never will fail. I have a 100% closing track record with my current lender. I will work with a new lender my client likes, but only if they know them very well. 

How important are good ratings for you? I just stayed at a place where the cleaning fee was $175 + 95 Service fee, and I was asked to do laundry and make the dishes. Best of all drive the trash to the next dumpster! The owner wondered why I was so unhappy howling trash in my small 2-seater convertible and paying his cleaning crew. 

@Solomon Rosenberg, I'm not a commercial RE expert but do some residential RE transactions in Hickory, NC. The Hickory-Lenoir-Morganton, NC, commercial real estate market is stronger than the overall U.S. market because it's close to Charlotte. Charlotte ranks second among large markets in projections for both home value growth and growth in owner-occupied households. I have lots of clients how getting outpriced in the CLT market and moving to Hickory NC; this helps the future commercial real estate market in Hickory.