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All Forum Posts by: Will C.

Will C. has started 8 posts and replied 270 times.

Post: Wanted: PM Recommendations for SF and East Bay Properties (161 units)

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132

Actively seeking recommendations for reputable property management companies who service both SF metro area and East Bay. The portfolio consists of 161 units across 5 properties, see additional details below. Looking for one boutique PM to manage all properties and be able to effectively communicate with managing partner(s) of a trust. Properties are currently mis-managed and have some ongoing maintenance issues, so it is time to break ties with current PM. Must utilize modern PM tools with successful service history and have strong vendor ties.

  • SF (95% avg occupancy)
    • Bush St near Union Sq, 1 property with 37 units
  •       Washington St near Alta Plaza Park, 1 property with 68 units
  • East Bay (96% avg occupancy)
    • San Leandro, 1 property with 20 units
  •       South Hayward, 1 property with 22 units
  •       North Hayward, 1 property with 6 units

Post: What to do with my land for earning?

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132

First thought would be lease for hunting or some sort of outdoor activities (camping...). Otherwise sell to invest in residential rental

Post: What to do with my land for earning?

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132

Hi Shanisse, can you describe your property. Is it open land/farmland, wooded, etc? 

Post: SBA EIDL Loan went through!! Unlock credit files to verify ident

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132
Originally posted by @Account Closed:

Looks like the attachments were minimized a bit in the forum, if you click them you can read all the text. 

If anyone has any thoughts or comments about those terms let me know! I will update when something happens. 

Thanks Nicky for this post. This cements the info the SBA rep told me on the phone about what is supposed to happen post-1k advance. Credit pull>email to set up web portal>verify id>review and sign docs

just waiting for my email and credit pull now.

Post: $10,000 SBA Loan / Grant

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132
Originally posted by @Michael Osborne:

I got an email today from the SBA that had me create an account. Once logged in I am authorized a loan up to $4,700. There is no mention of any portion of this being a grant. I filed as a landlord, husband/wife, so expected the grant portion to be $2k. Not sure how I should proceed....

Michael, when did you first apply for the advance? I applied somewhere around March 31, received the 1k but have yet to have my credit pulled or receive an email to set up online portal for the loan. Thanks

Post: Attn: SBA Disaster Loans for Landlords

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132

Have anyone that has received the advance been contacted about the next steps of the loan process? 

Post: Attn: SBA Disaster Loans for Landlords

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132
Originally posted by @Derrick Dill:

I applied 4/1 with 0 employees for EIDL as a w-2 worker with some rental properties. Got 1k in the bank 2 days ago. No call, no email, no text message, no follow-up. Haven't got any information regarding the loan itself though

Derrick, have you been contacted yet or received information as to the loan itself?

Post: $10,000 SBA Loan / Grant

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132

Hello everyone, I applied 3/31 as a 0 employee applicant. I received the 1k advance on 4/22. My assumptionis that the next steps would be that a LO would reach out to continue the process of the actual EIDL loan application. Has anyone moved on to the "next" steps as far as the EIDL goes?

Post: SBA EIDL Loans are ELIGIBLE for Rental Properties

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132

I received the 1k advance but waiting on a call or email to start the actual loan aspect. Does anyone have any insight as to what the next steps should be if I have received the advance? Is there an official application I need to submit separate from the online questionnaire that I submitted for the advance? thank you

Post: Attn: SBA Disaster Loans for Landlords

Will C.
Pro Member
Posted
  • Rental Property Investor
  • Richmond, VA
  • Posts 277
  • Votes 132
Originally posted by @Gerry C.:

Does the SBA loan applies for a real estate investor with a W2 income?

Yes sir.