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18 February 2025 | 17 replies
For an SBA hotel loan, the SBA may guarantee say 30% of the loan and a traditional bank takes the next 50%...total LTV/LTC of 80%...will vary by business but it's higher/better than the previous replies (otherwise, you would just get a traditional commercial loan without the SBA involved).
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18 February 2025 | 148 replies
. | Better Business Bureau® (bbb.org) What will filing a complaint with the BBB do?
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12 February 2025 | 11 replies
I don’t see anything wrong with endorsing a business that is great at what it does.
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18 February 2025 | 8 replies
My MIL owns a floral business and apparently the credit card she uses for her business is keeping her from refinancing.
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18 February 2025 | 4 replies
I am in the LSU Business Management program working on my Bachelor’s degree.
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5 February 2025 | 9 replies
.- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success
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14 February 2025 | 1 reply
We rented the 2/1 side for $1300/mn and thought we could finish the addition of the bath and closet but got so busy with my construction business I still have not completed the work.
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8 February 2025 | 7 replies
It takes capital to do this business and if you don't have it I wouldn't suggest throwing it into a marketing machine for wholesale deals.
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12 February 2025 | 20 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).
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17 February 2025 | 9 replies
If you lack the funds to flip any other way, go for it, but do understand it's not a business model for long term success.