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20 February 2025 | 0 replies
The seller was interested, but I got busy and didn’t follow up fast enough.
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22 January 2025 | 14 replies
BiggerPockets or LinkedIn can also help you connect with like-minded individuals.
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17 February 2025 | 61 replies
What about all the money we spend to build our businesses, run the business and market properties.
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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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22 February 2025 | 5 replies
.$847 in the bank699 Credit Score133% revolving utilization/over the limit maxed out personal credit cardsQuite a bit of other high interest debt/loans borrowed during the first year in business$3,580,000 Appraised Portfolio Valuation$2,139,400 DSCR Mortgage Debt in my LLCs$1,440,600 Equity (Appraised Value-Mortgage debt)8 Remodeled SFRs1 Converted Remodeled Duplex2 SFR Remodels currently in process2 Apartment Buildings - 13/14 units occupiedA little more experience to say the least234 Audible books in my libraryAs I'm sure any experienced investor can gather, having the sizable amount of personal debt as I do, supplier house account payments due, PMLs that need to be paid, etc, not having liquidity/any money in the bank is an ISSUE.
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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 | 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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13 February 2025 | 18 replies
Hey, congrats on your business success!
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6 February 2025 | 16 replies
Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.