Manu Ramos
1 million goal
2 March 2024 | 11 replies
Then if I need to do real estate things during business hours I can, and I sleep around those tasks and my night shift.
Tony Pellettieri
Loan product to avoid impending failure??
1 March 2024 | 15 replies
Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans.
Rose Laurent
Rentals in Albany, is it a good Idea?
2 March 2024 | 7 replies
@Rose LaurentThere are a number of business models what can work in Albany.
Wen Chieh Chang
Need Referrals to GCs, Lenders, Realtors, PMs, and Handymen in North Jersey
1 March 2024 | 2 replies
I am eager to build connections with investors, realtors, general contractors, handymen, property managers, and lenders who do business in North Jersey.
Mike Boss
Advice on who to use to start an LLC
1 March 2024 | 8 replies
Me and my business partner would own the LLC.
Kevin G.
Aspiring host. Looking to buy my first property to AirBnB in San Diego by year end!
2 March 2024 | 32 replies
You must get a business license and notify neighboring properties.
Bill Bouillon
Tax Deductions for Non-Professional
1 March 2024 | 7 replies
This means that your net profit from your LLC business gets reported on your personal tax return on a Schedule C.
Chris C.
Tax Question-Real Estate Education
1 March 2024 | 2 replies
There are two different topics / questions1) Can I deduct real estate education if I am involved in a real estate rental trade or business.2) If you can deduct it, is there a passive limitation involved.
Natalie Stanley
Opening a real estate brokerage with a non-broker partner
1 March 2024 | 5 replies
What my agent and I are trying to figure out is what is a fair split for the sales side of the business as it relates to the broker doing business.
Michael Keffer
Bluffton vs. Beaufort?
2 March 2024 | 9 replies
@Michael Keffer I've lived in Beaufort for 12 years and currently half owner of an STR here and my business partner owns a second, both self managed.