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28 February 2024 | 130 replies
In fact, I don't think such a thing exists but for the sake of argument here are a few things you seem to fail to appreciate the gravity of.My company laid of 20% of its staff in March 2020.An ungodly amount of in person services closed their doors leaving their staff (our rental pool) scrambling to pay the bills.Local governments shut down schools leaving mothers and fathers (ourselves and our rental pool) scrambling for childcare.Local governments put a moratorium on evictions for non paying tenantsSmall businesses who didn't fraudulently apply for PPP loans took a bath for years.The list goes on and on.
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26 February 2024 | 7 replies
You do not want to be left scrambling after the fact. 2.
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26 February 2024 | 50 replies
If you lose your job, or have a big, unexpected expense come along, you don't want to be selling those investments at a bad time, or scrambling to refi.
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21 February 2024 | 20 replies
Sometimes, it's 1 hiccup and you're scrambling.
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27 February 2024 | 2053 replies
Best practice is to obtain the W-9s at the beginning of the relationship with your vendors so you don't have to scramble for them in January.
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17 February 2024 | 9 replies
You don’t want to find a great deal, perhaps requiring a short timeframe to close, and have to scramble to find money.
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16 February 2024 | 1 reply
When rates are significantly higher for the borrower at the time of the rate reset, investors must scramble to cover payments that can be quite painful.
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14 February 2024 | 0 replies
Make it a point to sit down and review the different real estate investment properties you can invest in (single family, mixed use, office building etc), talk to industry professionals to understand the real estate market, research industry trends and available properties, work out your budget for this investment (an example of some expenses to consider can be found in our article on house flipping expenses), and come up with contingency plans in case things do not go according to plan.It might sound like a lot of work (and it is), but you will regret not doing this should your expensive deal go sideways and you are left scrambling to find a solution.
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14 February 2024 | 1 reply
Running your numbers is important and can also help give confidence that you're making a strong decision even when discomfort kicks in.Keeping track of the things to do while under contract was a little disorganized; so had a couple of things to scramble for before closing.
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7 December 2016 | 8 replies
But I also don't want to be scrambling trying to find a contractor to look it over when I get it under contract and have my inspection period.I guess at this point I am just looking to get into contact with a general contractor or somebody who can give me a good idea of what they can do the work for on any property I bring them to.