All Forum Posts by: LISA F.

Buy 4-5 unit buildings. Anything under 6 residential units are not considered rent stablished or rent controlled so you can charge free market rent. Brownstones are good in areas like upper Manhattan and many parts of Brooklyn and look at city owned properties (HPD programs).

First thanks for the response. I love this site!
So you think its ok to build business credit using an LLC that has buildings that are already attached to?

Hi Everyone,
This is my situation.
I have 3 (3) families properties in New York City. One of the buildings which I reside in is in my name and the other 2 I transferred into a LLC about 3 years ago so i have 3 mortgages on my personally credit history.
I'm looking to build up business credit to help me down the road purchase my next building. Should I use my current LLC to start obtaining business credit or open a new one? My next purchase I want to have in a new LLC not in my name or the current LLC.
All feedback and help would be much appreciated.
Also I manage the buildings through my own property management company which is just a DBA. Does anyone have some suggestions? :D

Need Help Please!
I have 3 (3) families properties in New York City. One of the buildings which I reside in is in my name and the other 2 I transferred into a LLC about 3 years ago so i have 3 mortgages on my personally credit history.
I'm looking to build up business credit to help me down the road purchase my next building. Should I use my current LLC to start obtaining business credit or open a new one? My next purchase I want to have in a new LLC not in my name or the current LLC.
All feedback and help would be much appreciated. :D
Also I manage the buildings through my own property management company which is just a DBA.