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24 July 2021 | 41 replies
Tenants who have been approved for unemployment are automatically authorized Section 8 vouchers with online verificationAt the end of the year landlords will receive a 1099-MISC for each property for the amount of rent received which is totally subject to depreciation.At the end of the year tenants will receive a 1099-MISC for the amount of rent paid on their behalf and subject to their tax bracket.This can all be set up online, is totally verifiable, and efficient.When you no longer qualify for unemployment, you lose your section 8 and landlords only qualify for rentals that have unemployed tenants and not those with the ability to pay.Again this can all be done online and is simple for both the Landlord and Tenant to understand.It is also the correct way to do it by the Internal Revenue Code.This SBA Loan program is a complete sham and is being run by the BANKS under guise of the DEPT OF TREASURY.I would get a lawyer opinion before I would do this, because not only are you going to go bankrupt you are going to wind up dealing with the bank secrecy act and treasury regulations in addition to the IRC.WARNING LANDLORDS YOU ARE PLAYING WITH FIRE IF YOU GO THIS ROUTE.
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3 April 2020 | 27 replies
They only have so much cash, and as the market drops (which it will, by likely a lot), and the underlying properties struggle to pay everyone (the investors, the bank, fundrise etc), the amount of cash on hand will dwindle.It’ll then likely either refuse redemption all together or go bankrupt (at which the investment is lost).Fundrise deals are likely all mediocre to begin with and that’s in a good economy.
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18 April 2020 | 44 replies
I would be unlikely to invest in an airline or cruise line right now; they're effectively lottery tickets since there's a good chance they go bankrupt, take on debt, dilute the heck out of me, etc.
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9 April 2020 | 38 replies
Companies would rather declare bankrupt before lay off any employees.
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12 April 2020 | 76 replies
Most have gone bankrupt or had very limited success and not on the scale they were hoping for.
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4 March 2020 | 126 replies
Isn’t that risky especially for multi million dollar deals as you could go bankrupt?
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15 February 2020 | 9 replies
If everyone guarantees a loan wouldn’t many people be bankrupt as markets are always going up and down?
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26 February 2020 | 7 replies
Is the bankrupt represented by an attorney or are they Pro Se?
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9 March 2020 | 45 replies
Because I DIY as much as I can I'm coming out of it OK with a good chunk of sweat equity, but this house would have nearly bankrupted me by now if I were hiring contractors for everything.
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19 April 2020 | 4 replies
How are you identifying loans that will have borrowers that aren't going to fight the foreclosure, go bankrupt, etc.?