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19 February 2025 | 4 replies
and also like what I do Utilize as STRs: You furnish and list these properties as short-term rentals (STRs) on platforms like Booking.com or Airbnb.Generate Cash Flow: The higher rental income from STRs, compared to long-term rentals, allows you to cover your mortgage/lease payments, generate positive cash flow, and potentially have funds left over for further investments.Positive Cash Flow: STRs often generate higher rental income than long-term rentals, allowing you to cover your costs and potentially profit.Tax Advantages: You can often deduct expenses related to your STR business, such as mortgage interest, property taxes, and maintenance costs.
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22 February 2025 | 13 replies
But we dont go down the chain to see if the roofer is paying his shingles bill though / Having Subs you can trust is paramount in this business.. cheap is not always what you waant you want subs that are making money and pay their bills and have credit..
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11 February 2025 | 6 replies
My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.
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19 February 2025 | 7 replies
Or like many small in businesses you raise cash from friends family and anyone else that knows loves and trusts you.The other thing I suggest is to make that $27,000 or $37000, or $50000 yourself over the next year.
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5 February 2025 | 4 replies
I would greatly appreciate any guidance or advice starting off with this business model.
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31 January 2025 | 4 replies
I run Forged Home Buyers, a San Antonio wholesaling business, and my business partner is an agent with Virtus Realty.
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29 January 2025 | 4 replies
It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.
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31 January 2025 | 2 replies
I have known exactly one in my 10 years in the business.
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21 February 2025 | 9 replies
If they aren't doing much business/volume, they will send you a nice looking term sheet, and you will go through hell trying to get the loan closed.
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23 February 2025 | 10 replies
I don't really know, however I do know the expert whos book I'm reading does CRE day in and day out and showed me their properties, while I've never seen anything from Peter and I don't even know what his CRE business actually is.A final word to Peter and the Commercial Properties Advisors TeamWhether you agree with this or not, what you are doing is a scam/con and unethical.