All Forum Posts by: Account Closed

https://www.facebook.com/group...

This is a Facebook group that attempts to pair Health Care workers along with RV owners, people who might be better off isolating in an RV who are working the front line on this so they don't have to brig it home often at risk family members.

Do your own DD and understanding your risks ( no affiliation ) just see a spot where we can assist in our Niche.

I know there are a lot of operators with a lot of properties some im sure of which will allow RVs. Please consider stepping up at this time in a spot that we may be perfectly suited for us to help.

This is people who are leaving there families to help the greater good , wouldn't it be something to be able to help especially if you have RV Spaces?

Heres the general overview.

https://www.cnn.com/2020/04/01...

It will ask you a question about what you have to offer ( put spaces) , then once you are approved, post what you have available , and then link it with the topic ( for the respective state) to help people field and filter.

Thanks for considering this.

I think the appeal is to be able to get it at the home if you can ( the RVs) but think there is some limitation on hookups ( power water sewer) . So I dont know how large a potential demand is but figured this might be something worthwhile. We had posted spaces a couple weeks back to hospital people in our local FB groups , so it was great seeing this concept being an actual thing.

I cant seem to find anything that validates this from searching some key terms , maybe hasn’t come out yet and something to watch for? 

Crazy this thing took a turn like this with OPs account getting closed also.  Is this legit that they dropped the 2M down to 15K , seems like there could be tremendous impacts for those who thought this might be possible. On White House conference today it sounded like they indicated more funding would be coming out of this with another stimulus package if i heard right. 

Think you have to watch for May , and keep in mind variance where property is located and where its all shut down , mandated, versus not mandated. 

@Michael Ealy hope you are managing as best as you can with hotels right now. Any insights you care to share on strategies to stay afloat right now ? Any thoughts about what 6 months from now looks like ? Thanks 

@David H. I think a big thanks from a lot of people on bigger pockets for you posting here with your expertise on this product and fielding questions and bringing it to peoples attention you probably deserve more than a few pats on the back thank you David for sharing this information with the community 

We have done video walk through on interior and interior as well 

My current position is a landlord in the affordable housing segment.

I think right now you need to set the mentality of being a captain of a ship entering a storm. I don’t think we know the duration nor the intensity of the storm though I would think most would agree there is a storm approaching If you have any means to extend on additional capital at this point without exponentially increasing your risk, pull on any credit lines, I would put this into strong consideration so you may maintain course . This is assuming you made reasonably good decisions up until this point. Take this is as your sole responsibility to Sheppard your tenants and yourself through the coming uncertainty. We dont know today if this is 1 month or 1 year or what normal looks like after that. I would operate on this premise so you may stay afloat on the waves as long as you can. Your job is to care for your Ark as well as the passengers on your ark.. This is not a game of trying to figure out how to make a dollar today or where opportunity lies tomorrow. This is the time to help your fellow man ( or woman ) to make sure that there is a man ( or woman ) to take care of you tomorrow. Focus all of your efforts on remaining buoyant among the thrashing sea.

People will be put out , people will get behind and not have means to pay. To put them out is short sighted because the world is in this storm together take an approach that encompasses this view. Todays priority is to take care of your fellow man and men as much as possible. I don’t know what all the logical answers are today and they will be ever changing so I feel the philosophy and approach are of most relevance.. Do what you can to keep the ship afloat and those within it safe.

My gut tells me that those who operate under this philosophy will be blessed for the future. But don’t do it for that reason , do it because it is the only thing you can do right now and it is the right thing.

Godspeed my fellow investors.

@Henry Lazerow love this response. I love this philosophy in dealings in general  Bet that philosophy would have made this whole thing a non issue working together instead of against 

Your three offers I would keep it like this . 

1. Cash.

2. Seller financed ( rates and terms to be negotiated.  Maybe star off with 20-25% down 30 year ammo 10 year balloon.

3. Bank Financed. Unless there is a some urgency or distress , there may not be a bid variance for the seller in taking less for cash offer ( number 1) as the net effect of proceeds will be similar.