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1 July 2024 | 2 replies
Well not all bad I’ve learned a lot I bought a 2 unit that needed work but it’s taking too long and costing too much.unit 1 is ready but the exterior needs work as well as the second unit. should I sell take a 35% loss and move onContinue saving/investing in repairs repair Just enough to get a HEL Nothing focus on my other business that is making good profit How can I speed/turn this deal around?
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1 July 2024 | 4 replies
Now you do have an obligation to mitigate your losses.
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3 July 2024 | 24 replies
Also, they should stress-test their properties to handle any potential equity changes or loss of rent.
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2 July 2024 | 1 reply
Is the reason why this is lucrative to the seller because it's money that is able to be written off as a loss?
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1 July 2024 | 8 replies
The bed isn’t even made, the fridge and freezer are absolutely full of food.
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1 July 2024 | 7 replies
Next up is inventory, tech job losses and property taxes.My bet is that as rates go down buyers will jump back in the market in a big way.
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1 July 2024 | 5 replies
Trying to get a 46k loan through my credit union to buy a house off of my dad.Bank just denied me, due to my Schedule C reporting a loss and apparently my Net Income on the schedule C was about 23k.Did my accountant f*** me hard?
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2 July 2024 | 8 replies
As consideration for the loan we are providing and to secure your obligations under this Agreement, you hereby grant to us a security interest in the following property (collectively “Collateral”):all consideration received from the collection, sale or other disposition of the Collateralized Goods, including any payment received from any insurer arising from any loss, damage or destruction of any Collateralized Goods and any other payment received as a result of possessing any Collateralized Goods, or any other proceeds of Collateralized Goods."
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2 July 2024 | 108 replies
If it doesn't, then it's probably a bad deal, a loss project that no one in their right mind would want to invest in.
30 June 2024 | 18 replies
Then interest rates went up...Long story short, it was foreclosed in the beginning of June this year resulting in a total loss to investors like myself.