I would guess he needs money and as we know cash is king during uncertain times.

Being that the building is up to code, you might only come across minor things like deep cleaning or adding window guards.I think the Section 8 strategy is a solid one especially during uncertain times.Best of luck to you moving forward!

In lieu of this uncertain market, me personally, as a lender we are open Thank God!

I wish this post was under better circumstances, but I hope everyone, and your family and friends are staying safe and healthy.Phil Ting a California Assemblyman just introduced a new legislative bill in light of Covid-19 that would force every property owner to reduce their rent by 25% and subsidize the rent of their tenants.

Comps are probably unstable, hard money is locked up (so I hear), so it seems like most investors need to be making a cash play in an uncertain market.

But for now expect things to be tough, expect new legislation stopping foreclosures/evictions, expect discretionary spending to be way down for a long period of time. 

The seller was incentivized to sell given the uncertain increasing impacts of the COVID-19 Pandemic, and the property still made sense as a long-term cash flowing asset with an upside for university acquisition.

fbclid=IwAR1G3Hdu5MOl8_MelVLYoTxMF2IkK5sO0N6ajxefuE1UjGZ4bmwP6f74SR8Has anyone seen this proposed legislation by the squad?

During these uncertain times, no one really knows what will happen in the next few days, weeks, or even months.

     During this uncertain time (and the dubiousness of thinking it'll all just blow over) a question came to my mind as someone researching and planning for life as a live-in landlord of a muliti-family.