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20 November 2024 | 4 replies
Quote from @Faysal Alam: What banks or credit union can I use to refinance a car under my LLC name , my car is a 2023 Tesla model y performance , I owe $42,500 on the car , I’m looking to refinance the car under my business , my business was established 03/2023 .
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1 December 2024 | 134 replies
Lol.....Maybe I should develop a business model that installs them...for a slight additional fee.
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24 November 2024 | 10 replies
Just because you are tracking ahead of that estimate does not mean your deal is bad.Do you believe your capex is structurally higher than you modeled?
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20 November 2024 | 11 replies
It's a thought of mine as well, basically following my mentors model.
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20 November 2024 | 3 replies
I know a lot of builders up there, but not very experienced with the flipping model.
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20 November 2024 | 1 reply
You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.
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18 November 2024 | 1 reply
I am working to build out some models for each but I don't have a clear idea of the route forward for construction or long term financing.
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22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.
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19 November 2024 | 12 replies
I just put some at my personal residence.Hey Garrett...would you be able to provide the make and model of those cameras?