All Forum Posts by: Luis Rivera

@Luis Rivera Cash buyers can close in a week versus 30-45 days. There is also risk that 20-30 days pass and it ends up the buyer can't get financing. Lenders are being more cautious and tightening their requirements. COVID changes things day to day and there may be some major event within 30-45 days the cancels the deal.

@Luis Rivera It means it won't change immediately in this case. Turn on a dime means a sharp turn.

If we can compare stock market to a ferrarri, we can compare real estate to a train.  It won't turn on a dime.

Seattle passed a bill that extends eviction protection for renters for 6 more months. So, basically you don’t have to pay rent for 6 months AFTER the city reopens. This could absolutely wipe out small time landlords like us! 

Will you take 10 seconds to sign this petition to veto it? 

http://www.seattleforgrowth.or...

Here is more info about what’s happening:

https://www.seattletimes.com/s...

I wish that I had attended networking groups as well. But more than that i wish that I started an IRA earlier. Fortunately I'm still young and invested most of the money I have saved into my own business which has been paying off well. It wouldve been nice to be a little more diversified though.

@Deniqua Antoine I wish I had gone to networking events earlier in my career so that I could have met my team of realtors, lenders, contractors, etc. I wasted around five years learning and reading before I took action and in those five years I could have picked up some amazing deals. Obviously, you can't do meetups right now outside of virtual ones, but it makes sense to network like crazy so that you can find local folks who are in the trenches investing.