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22 February 2025 | 4 replies
.$25,000 in the Bank823 credit score3-5% revolving utilizationvery little debtZERO experience in anything real estate or construction relatedKnowledge acquired from listening to 123 audible books over the previous years14 months later...$847 in the bank699 Credit Score133% revolving utilization/over the limit maxed out personal credit cardsQuite a bit of other high interest debt/loans borrowed during the first year in business$3,580,000 Appraised Portfolio Valuation$2,139,400 DSCR Mortgage Debt in my LLCs$1,440,600 Equity (Appraised Value-Mortgage debt)8 Remodeled SFRs1 Converted Remodeled Duplex2 SFR Remodels currently in process2 Apartment Buildings - 13/14 units occupiedA little more experience to say the least234 Audible books in my libraryAs I'm sure any experienced investor can gather, having the sizable amount of personal debt as I do, supplier house account payments due, PMLs that need to be paid, etc, not having liquidity/any money in the bank is an ISSUE.
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21 February 2025 | 3 replies
@Natalie KolodijIn my 20+ years of experience, I have never met an uncredentialed tax preparer who could 'run circles around' CPAs and EAs when it comes to tax laws and compliance.
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20 February 2025 | 4 replies
Just from my experience.
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21 February 2025 | 12 replies
These can help you build capital while gaining valuable experience.
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22 February 2025 | 1 reply
Hence, I would love to connect and both listen and share my insights with other experience and new investors like myself.
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19 February 2025 | 8 replies
A partnership requires three things to be successful - Experience, Capital and Time.It looks like you have the capital and experience but maybe not the time.I have my doubts about this working if you have a friend who has weak credit and a limited cash flow.
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11 February 2025 | 4 replies
Freddie also requires that the borrower loan guarantors demonstrate prior multifamily experience.
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20 February 2025 | 9 replies
I don't know if you'd find those people on Airbnb or VRBO from my experience - depends on area.
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19 February 2025 | 1 reply
In my experience you tend to get more people living there than the people who apply.
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21 February 2025 | 4 replies
Coaching can absolutely 10x your business, but theres always a risk of a bad experience.