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All Forum Posts by: Yi Chu

Yi Chu has started 19 posts and replied 25 times.

Post: Rehab cost estimates

Yi ChuPosted
  • Posts 27
  • Votes 12

Before you put in an offer, what is the best way to make accurate rehab cost estimate? Ask three different general contractors to look at the house and give you a bid? That seems to be lots of work for real estate agent and myself.

Post: Credit Card for LLC

Yi ChuPosted
  • Posts 27
  • Votes 12

Thank you all for the information, which is very helpful. Realized that I had a few hard inquiries recently, so I am afraid that my credit will take a dip if I open another credit card under my name. However, I have several personal credit cards. Can I use one of my credit cards only for my business (LLC) expenses? From now on, I will not use it for any personal purpose. Is that ok?

Post: Credit Card for LLC

Yi ChuPosted
  • Posts 27
  • Votes 12
Quote from @Logan Singleton:

It's advised to separate business and personal expenses to help make your life more simple come tax season. I like the Chase Ink Business Unlimited due to the no annual fee, and I already have Chase cards on the personal side, making it easier to manage.


 Thanks. Do they check credit score when I apply for business credit card?

Post: Credit Card for LLC

Yi ChuPosted
  • Posts 27
  • Votes 12

What is the requirement to get the approval of credit card for LLC? Can I use my personal credit card for LLC expenses? If I can not use my personal credit card, which bank do you recommend to apply for credit card?

Is it worth paying thousands of dollars to hire a mentor if you do single-family investing (buy-and-hold or house flipping)?