David Chappell
New investor from Austin, TX
26 February 2020 | 19 replies
@Ben Steelman I visited KC a few months ago for a softball tournament and it was an awesome city!
Marcele Johnson
Washer and dryer with coin slots or not
17 September 2020 | 12 replies
Hey I am trying to see if I should buy a washer and dryer with coin slots and charge my tenant or not or just don’t buy a washer and dryer at all but I will be occupying the downstairs apartment myself and kinda don’t wanna go to laundromat at all just curious on what to do
Joe Szymczyk
Up to 10 properties banks finance after that?
8 March 2020 | 22 replies
Do a 1031 exchange of your cheapest 2-3 properties for one more expensive property to open up a couple slots.
Kyle D Birch
Chicago Lender recommendations cash out/refi
5 March 2020 | 8 replies
Last July, my fiancé, now wife bought a 2 flat that was advertised as a SFH and the zoning certificate says SFH, but it was built as a two flat. 4 entrances, 2 baths, 2 kitchens, 2 furnaces two 1960’s mailbox slots in the brick etc.
Andrea Cole
How are you handling Coronavirus cancellations?
17 March 2020 | 132 replies
He is extremely tied up in the NCAA tournament, and has been for years.
Eric Fernwood
Corona Virus Impact to Las Vegas Market
30 November 2020 | 435 replies
During the aftermath when firefighters went into the building to check out the damage, they found dead people with their hands still holding onto the slot machine cranks (machines paid out in coins back then).
Chris Lopez
Denver Coronavirus updates and Q&A
16 April 2020 | 72 replies
We think it is important to look at Denver real estate in 5 day increments since corona virus became real (I'm saying March 12th, which is when the NCAA canceled the tournament.)GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan.$800-$1.2Mdown from 5 day increments before, but not significantly and a small data set
Justin Jones
Move to Oahu or stay in Pensacola?
9 May 2020 | 29 replies
Sports are also limited because since it is an island, there is no interstate travel for big tournaments unless you’re in an individual sports and want to pay to fly.
Terry Hale
Recession Proof Commercial Real Estate
8 May 2020 | 46 replies
Money is so tight for them that buying more sparring gear, paying for testings, traveling to tournaments, etc. takes all their money.Eventually they come to the instructor and say they no longer can afford the school.
Adam Craig
Would I qualify for convention refinance?
28 March 2020 | 3 replies
I just sent this same info. to @Adam Craig in a message, but thought I would put it out there for all to see:The key to how many conventional slots you have open right now is dpending on how you financed those loans.