7 May 2024 | 6 replies
I'm thinking of getting a business credit card to pay for the rehab side of my investments.
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10 May 2024 | 8 replies
If not, generate cash and build credit profiles for free i.e. 800 FICOs and 80 PAYDEX LLCsbecause when you need to raise money, the more options the better.If you need any advice on building credit effectively on the cheap,feel free to reach out :)This is my opinion and I'm not licensed,John Acheson, MBA
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10 May 2024 | 5 replies
Additionally, I am open to partnering with other interested investors, especially those looking to support a first-time entrepreneur like myself.Please reach out if you are interested in advising an aspiring investor or even jointly pursuing a new real estate opportunity.
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10 May 2024 | 4 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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10 May 2024 | 6 replies
The borrower is not personally liable for the loan, and the lender cannot seek additional repayment beyond the collateral.Since the borrower is not personally liable, they can choose to make larger or additional payments to pay down the loan faster if they wish.
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10 May 2024 | 13 replies
Almost every time they require additional cleaning and most cleaners hate it.
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10 May 2024 | 18 replies
Additionally with my own company we have designed our own letters and our own website that look a bit different from the typical marketing strategy out there.
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10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.
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10 May 2024 | 23 replies
I haven't had anyone burn me yet and some folks even ask to pay 100% up-front to get it out of the way.If I may, one thing I'm curious about though that you all might do is credit cards.
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7 May 2024 | 2 replies
What business credit cards that have 0% interest to start are the best to get?