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4 June 2024 | 12 replies
From my research the template seems to be a packet including: Developer Credentials Personal Statement (Available Upon Request) List of RE Owned Current Property packet with Pro-Forma, Rent Roll, Comps, Budget, Projected Returns - similar to an OM on most CRE packets.This was a good guide, Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)Commercial real estate finance: A basic guide for an effective loan request package - Buffalo Business First (bizjournals.com)
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4 June 2024 | 3 replies
Does anyone know of a property management person/company that serves the St.
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4 June 2024 | 23 replies
Generally speaking we prefer new just because of the cleanliness and appearance.
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3 June 2024 | 12 replies
Had a person refer me over to Daytonloan Acquisition || Your trusted lending partnerSomething seems off but the head guy has sent me references that I am going to follow up with and business documentation.
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4 June 2024 | 2 replies
One person did tell me I could possibly turn it into an efficiency or something like that but would need a special exception.
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3 June 2024 | 16 replies
It looks more professional to have your own domain name but I have never chosen to not do business with someone using their personal email to conduct business.
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4 June 2024 | 3 replies
Personally I have done that and it works!
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1 June 2024 | 17 replies
I have been using Wells Fargo but would love to hear others preferred banks.
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1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?
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4 June 2024 | 2 replies
As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.