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15 October 2024 | 9 replies
I would like to connect with other local investors, contractors, property managers, local lender and other vendors to complete the whole BRRRR project.
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15 October 2024 | 8 replies
Our vendors give us better pricing when we say "We have 40 homes that we need flooring for" rather then 1 home.
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17 October 2024 | 47 replies
Each state has vendors of these lists.Â
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13 October 2024 | 11 replies
The income is a nice cherry on top to my monthly rentI reached out to like 3 or 4 vendors and got pricing.
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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.
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12 October 2024 | 2 replies
Ask them these questions - you'll get a better understanding and you'll be able to vet your future vendors at the same time.Â
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15 October 2024 | 26 replies
To be clear, I believe real estate should be owned by an entity but there are other things that are far more critical to protecting yourself personally as well as your real estate assets such as appropriate levels of insurance, well drafted vendor agreements & collecting insurance certificates coupled with understanding how to correctly operate the entity in which you form.
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12 October 2024 | 15 replies
They said they don’t share the actual invoice from the vendor.
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12 October 2024 | 7 replies
Meanwhile they aren't even properly prepared because their focus is solely on forming Wyoming LLC's but lacked the appropriate types of insurance, operate with unlicensed and uninsured vendors, never sign contracts etc.
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11 October 2024 | 10 replies
For future reference, try using Door Depot or Magnolia Windows and Doors; both are great Chicago vendors that we have used in the past.