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17 December 2024 | 0 replies
This is NOT Business Credit.By establishing a separate corporate credit profile on the EIN Number (separate from the business owner's SSN/FICO), investors can access substantial business credit lines, capital for property acquisitions, and renovation funds without personally guaranteeing the debt.This approach creates a powerful financial firewall between personal and business assets while potentially generating a significantly larger (ROI) through reduced interest rates, increased borrowing capacity, and the ability to scale investments more rapidly.The education gap surrounding EIN corporate credit means savvy investors who understand and implement this strategy can gain a significant competitive advantage.
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20 December 2024 | 10 replies
Do the Airbnb discounting, price a little under market, make sure your cleaning fees are at or below average, looser cancellation policies will all help.
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20 December 2024 | 8 replies
Let’s say that the sale generates $300k profit for simplicity.
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17 December 2024 | 16 replies
OP said: It’s frustrating, especially because our due diligence came back clean, leases were solid, and the property had just been fully renovated.
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21 December 2024 | 14 replies
As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.
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31 December 2024 | 76 replies
I added a "cowboy pool" to one property...now I've got a pool that needs cleaning and most pool companies don't service above ground pools, go figure.
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17 December 2024 | 16 replies
Additionally, how are you navigating the refinance stage, with lenders tightening up are you still Able to generate your desired profit by refi?
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19 December 2024 | 55 replies
By temporarily halting distributions, we can preserve capital, manage our resources more effectively, and invest in key areas that will drive future growth and profitability.In the interim, we are taking strategic steps to strengthen our financial health, including cost-reduction measures, revenue-generating initiatives, and debt restructuring options.
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16 December 2024 | 21 replies
I've allowed pets in my STR for five years and haven't had any problems except some extra cleaning a couple times, which was paid for by the guest.
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16 December 2024 | 11 replies
You make revenue here and there but the goal is to generate enough in the winter to sustain all the expenses for the entire year.