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15 May 2020 | 2 replies
I want to know what the max LTV allowed is when doing delayed financing.I had thought that for most lenders it was 75% LTV for SFR and 70% LTV for small multi-family (2-4 unit) properties.Is this still correct, or has anything changed because of the coronavirus and banks being more strict with lending practices.For Example: I but a duplex for $100K in cash.
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21 May 2020 | 18 replies
I have found an article where an NYU marketing professor told Business Insider that some colleges and universities may not reopen after the coronavirus, with Drexel being one of them.
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24 June 2020 | 10 replies
In reality a newer construction should have lower operating/maintenance expenses but you will get vacancy especially now with Coronavirus, and you need to build capex reserves.
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18 May 2020 | 8 replies
In addition to what previous advisors have offered, keep in mind that we could likely be seeing "Coronavirus Round 2" in the Fall, Winter, and maybe into next year.
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18 May 2020 | 6 replies
I did a direct mailing right before the coronavirus outbreak.
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23 May 2020 | 26 replies
The purpose of all this stimulus money is to pay the bills and keep the economy going, and rent is the most significant bill most tenants have to pay.Due to coronavirus situation, if someone chooses to not pay rent, you can kiss your rent goodbye for at least 5-6 months or more….
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19 May 2020 | 2 replies
Anyone else having issues with tenants who you've recently found to be damaging the property or dealing with several noise complaints? How are you dealing with this?
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21 May 2020 | 6 replies
I want to add a clause in the lease to protect myself from any liabilities, basically stating that tenants understand the risk of living in the rental property in regards to the current pandemic and the spread of coronavirus.
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22 May 2020 | 2 replies
One final question for those who still want to wait….Had you already been “waiting to invest” prior to Coronavirus...but for a different reason?
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20 August 2020 | 10 replies
I checked in with the fourth one and he told me I couldn't make him move during this "Corona virus time."