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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.
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17 October 2024 | 47 replies
There are many services out there offering similar capabilities, often at a more reasonable cost and with a customer service team that values and respects its clients.
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17 October 2024 | 10 replies
Knowing and respecting each other's lanes is really important, as well as having the confidence in your partner that they are going to do their job and you don't have to worry about it.
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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14 October 2024 | 19 replies
Four of the major criteria they consider when selecting a location are:Low crime: Companies are unlikely to establish new facilities in high-crime cities.