
14 October 2024 | 3 replies
Not impossible, but not likely to get a license.

15 October 2024 | 2 replies
Not sure if I should structure as a traditional home sale + a separate business package including all accessory structures, furniture, biz ops, STR license, etc.Maybe as an add on if someone wants to use it as a hostel business as well but still open to a traditional buyer purchase separately.

16 October 2024 | 25 replies
Its one of the top 3 most visited areas in the country actually and has a very robust STR market.As a licensed builder, I am building to hold and building to sell.
14 October 2024 | 1 reply
Eliminate debt, establish a budget, and save.

15 October 2024 | 8 replies
They might work for smaller mom-and-pop units (2-8 units), but not for anything larger.Most owners of larger, more established multi-family properties don’t fall into the category of distressed landlords that off-market strategies usually target.

15 October 2024 | 10 replies
I'd attack the credit report :) 1) lower (pay down) whatever accounts have a high utilization percentage 2) contact each of 3 major consumer credit agencies and get a free report, then dispute every hard inquiry that is *NOT* associated with an open account 3) call the credit cards you already have established and ask for a credit line increase -- often can be done online and they do not verify income, hint hint.

13 October 2024 | 5 replies
I’m establishing a solo 401k to invest in some flips and eventually multifamily holds.

15 October 2024 | 14 replies
🏦To get to the point where you can avoid personal guarantees, you’ll need to build your business credit over time:Open trade lines in your business’s name (utilities, vendors, etc.).Make sure you’re reporting payments to business credit agencies like D&B.Keep your debt-to-income ratio low and maintain good cash flow.It doesn’t really matter if it’s an LLC or S-Corp—what matters most is establishing the business as a strong, creditworthy entity.But yeah, in the early stages, personal guarantees are almost unavoidable.
15 October 2024 | 6 replies
Yes, I am licensed in New Jersey as well.