
11 December 2024 | 15 replies
Count me out.My general advice is always the same: business first, taxes distant second.

11 December 2024 | 7 replies
If you run a lending as business, your interest will convert to ordinary income and could be passive based on your involvement.

10 December 2024 | 10 replies
There's really not a cost-effective solution for utility monitoring for SFR, other than Nest.WhatsApp for business communications is lmited - how do you scale and hire someone to handle, while being able to track what they do?

10 December 2024 | 36 replies
I think I would probably talk to an attorney tbh these business purpose non regulated loans do not have rate locks that have to be honored legally.. they can and do change them unilaterally.. borrower accepts counters or declines and loan fails.

9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.

9 December 2024 | 24 replies
These focus less on personal income and more on your business cash flow or the projected rental income of the property.If you have a rehab project, you may want to start with a hard money loan and refinance into DSCR once you are done with the rehab.

9 December 2024 | 4 replies
Offer to be his/her assistant for free, do all the stuff he/she hates doing, and learn the business from them.

9 December 2024 | 5 replies
None of the lawsuits had a material affect on the business.

9 December 2024 | 12 replies
I would like to start using social media, in particular YouTube, to market my business but I know very little about it.

10 December 2024 | 6 replies
It was those 2022 delivered projects where I became an accidental landlord that led me to focus more attention on building to researched housing needs rather than simply replicating the inventory other's bring to the market and it's been a game changer for me and my business.