All Forum Posts by: Yoni Benimetzky

Interesting, I wonder how many of those searches are renters wanting to find out if there's any rent forgiveness or landlords worried about rent forgiveness!!! 

Interested in discussing what steps people are taking to try and beef up collections for April 

could become a safety concern. I would probably replace the window and keep the door. 

Look for owner financing deals and try to raise money from friends and family for the remaining equity. Owner financing might become more available in the upcoming months. 

Sounds like you're in the right direction. Some auction houses make you purchase the REO immediately so you might want to run title and lien before bidding if that's the case. Press the agent on the big ticket repair and see if any estimates for the repair have been done by the receiver.

Thanks @Marlen Weber
I currently have a few commercial deals that my buyers are pushing sale dates on and asking for discounts. People aren't able to walk properties and do proper due diligence. 

I'm trying to figure out if these are early crack signs. 

Hey Sophie, 

That depends on your market and how quickly it will bounce back. I'm also unaware of the entire picture of your financial situation but I think being conservative right now is the prudent way to proceed. Push your realtor to sell the first house and wait would be my suggestion. 

Hi Mo, 

Sounds like you have the construction down so I would use that to my advantage. Focus on deals that your expertise can be used and highlighted. Industrial might not have as much construction unless you're planning on ground up but you should try to leverage your GC hat as much as you can. It will work to your advantage in-front of a lender and/or a partner. Financing is still out there, just a little trickier. Partnering up with a developer where they bring equity and you bring your construction experience sounds like the best way for you to start getting bigger deals. Just my 2 cents, hope it helps. 

I'm interested in hearing from investors that thought they would be selling in march/april/may. What kind of market feedback have you been getting? How long do you think you'll need to wait? 

Hey Nick, 

I would start with a land use attorney. They will be able to tell you what exactly you'll be able to build. After that i would hire an architect and using the report from the land use attorney get something designed. You can also go straight to a construction company that has an in house architect.