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Results (1,300)
N/A N/A Credit Repair
18 May 2018 | 26 replies
"pass through", can own other corporations, and offers the ability to have a "Cafeteria" plan- that is, you can (provided you meet all the requirements-- namely offering the SAME package to ALL employees-- again, see your tax / legal professional) pay for things like your health club membership, an automobile lease, and other benefits with pre-tax dollars.I use separate LLC's for buy and hold, and quick-turn or "Dealer" properties to avoid the risk of the IRS calling ALL my properties "dealer" properties.Rule of thumb you're going to need two years of business history (at least be established for two years) to start applying for business credit-- but depending on the credit worthiness of the owners, or a collateral, etc. you may be able to get a line of credit sooner.From Credit Repair to Credit Millionaire describes this in detail, and a guy named Tom Kish has a good product on this, too.
Doug Utberg What will trigger the next recession?
25 October 2018 | 46 replies
@Doug Utberg the interesting thing with most of the troubled retailers is they are not bank credit worthy.
Brandon Hotopp Community reinvestment act
27 April 2022 | 7 replies
I think this was legislation requiring banks to lend more to creditworthy borrowers, even in not so "prime" locations.
Aaron Freeman Buy + Rehab Financing
19 December 2023 | 42 replies
The investor must be credit-worthy, and meet the financial requirements of that institution, ie X months of interest payments, + X% of contingency funds. 
Brittany Shearer Is Minneapolis & St. Paul A Place to be Investing?
14 October 2020 | 29 replies
I still do my criminal background checks and use credit worthiness to approve potential tenants.   
Jorge Abreu RECESSION PERFORMANCE: STOCK MARKET VS. MULTIFAMILY REAL ESTATE
30 December 2022 | 2 replies
However, unlike the 2008 crash, the stock market rebounded back by May of 2020, largely in thanks to an enormous amount of stimulus money and slashed interest rates.The stock market crash of 2008 was spurred by defaults on consolidated mortgage-backed securities, which were directly tied to the loans banks were handing over to potential homebuyers regardless of their creditworthiness.
Jason Crowe Lending Multiple Properties on Land
20 November 2022 | 3 replies
@Jason CroweInvestment loans are about 3 things; Credit Worthiness, Cash Flow, and the Collateral. 
Mary Eubanks Tips for rules to put in place when renting
2 January 2023 | 11 replies
Back during the Great Recession, credit lines were closed/frozen for very credit worthy people.
Michael Baradell Tenant Screening: Bad Credit: 2X security or First and Last
6 December 2014 | 6 replies
The security deposit might be 1 or 2 months depending on the creditworthiness
Tyler Hubarth HELOC to fund deals?
22 July 2016 | 32 replies
I am going on a decade working for a large bank, and yes credit worthy borrowers get punished in downturns as the bank tightens policies.The funny thing is banks seem to never learn from the past.