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22 April 2024 | 8 replies
Here's my situation:Debts$127K loan @ 16.99% for an investment property rehab - $1963/months fixed$50K Heloc against primary obtained when rates were low and has since adjusted to market (high) rate $36K (three business credit cards at diff rates, lowest at 22% apr)IncomeMortgage 1 income after expenses (primary carrying the heloc -) - $600/monthMortgage 2 income (also primary) - $ 162/month ( not enough equity in this to sell right away ($70k) but area is growing like crazy)Mortgage 3 income (investment) - $720/monthMortgage 4 income (this is the property the127k loan was taken against) - $856/month - This is the one i am considering selling.
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22 April 2024 | 8 replies
If you pre-plan it right and make 50% of it business related, you can write the trip off as a business trip.
22 April 2024 | 2 replies
It depends on if your real property trade or business is being a professional investor.
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19 April 2024 | 4 replies
From a legal perspective, it seems to be commingling a bit, but I guess it's technically a loan to the business.2) If that's not a viable option, then I was considering a business LOC.
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22 April 2024 | 10 replies
Remember, a palpable business strategy for insurance carriers is denying claims.
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22 April 2024 | 7 replies
Personally, I'm looking into starting a "newbie" consulting business and this would be an opportunity to work on structuring that, while getting valuable feedback from someone like yourself!
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22 April 2024 | 7 replies
I wonder if streamlining the cleaning cost into the ADR ("eliminating" another extra fee) encourages greater business (especially if positive reviews note place is clean, etc.) even if the market has shown it will bear the cleaning cost (and it's routine).Scenario 1: Guest pays $400 per night for 2 nights plus $300 cleaning fee.
22 April 2024 | 2 replies
I don't really plan to use my license to sell to the public as I already have a full time job and our investment business will take up the remainder of our time.
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23 April 2024 | 14 replies
Which in turn will bring plenty of other investors and general business to the area.
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22 April 2024 | 9 replies
@Abigail VanLuvaneeI live in VA Beach and we do a lot of business in Wilmington.