16 October 2024 | 11 replies
To answer the 3 year concern it helps establish trends for the business, and tell me how well things are going, better, the same or worse over time.
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18 October 2024 | 29 replies
Then after check-out, right when the review window opens, we send them a review request specifically stating that they were awesome guests and that we gave them a 5-star review and it would mean a lot to us if they gave us one as well.Mentioning 5-stars several times helps make them realize that 5-stars is the standard.
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14 October 2024 | 15 replies
I would suggest establishing teams in both markets and evaluating which one generates leads that align with your investment criteria.
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14 October 2024 | 4 replies
I am in the process of creating my business structure, establishing business accounts, and all around finding the right team of people to support my efforts without falling on my face with my first purchase.
14 October 2024 | 1 reply
Eliminate debt, establish a budget, and save.
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13 October 2024 | 5 replies
I’m establishing a solo 401k to invest in some flips and eventually multifamily holds.
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15 October 2024 | 8 replies
They might work for smaller mom-and-pop units (2-8 units), but not for anything larger.Most owners of larger, more established multi-family properties don’t fall into the category of distressed landlords that off-market strategies usually target.
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15 October 2024 | 10 replies
I'd attack the credit report :) 1) lower (pay down) whatever accounts have a high utilization percentage 2) contact each of 3 major consumer credit agencies and get a free report, then dispute every hard inquiry that is *NOT* associated with an open account 3) call the credit cards you already have established and ask for a credit line increase -- often can be done online and they do not verify income, hint hint.
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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 | 8 replies
There is a lot to learn, and to be frank, the knowledge you're seeking will be 40% of the industry.