
22 March 2020 | 3 replies
They were on the spot, cut a check for loss of rents and the initial portion of the repair.

24 March 2020 | 5 replies
If you're relying on cash flow for operations, losing March may equal a loss for 2020 here.

27 March 2020 | 10 replies
After crunching the numbers, we found the rental price will need to be pretty high for the market in order to cash flow, which I checked with realtors and the management team to confirm it would be possible.Our plan was to rent it out April of this year and moving to Portland, OR (we have a property management company selected and onboard already.I just looked at Zillow this morning and found there are only a few properties listed for rent, and at about half what we would need the price to be to cover the mortgage.With the uncertainty of what's going on in the world, we're at a loss of whether it's a better idea to do one of these three options:1: Proceed as planned, put it on the market, try to rent it and move to Portland in April/May2: Rent it, find a cheap apartment in OKC and live there for 6-12 months and revisit the Portland plan later this year3: Put renting and the move to Portland on hold altogether right now and focus on work right now.Any advice would be helpful.

22 March 2020 | 2 replies
The amount you can keep will depend on your actual losses and only under the condition that you would have actually rented to the person (ex. they passed your minimum qualifications) and they did not back out due to the landlords failing or the units failings.

23 March 2020 | 4 replies
When reviewing the PPM, be sure to check that this is not included.While reviewing a PPM, my friend noticed this clause:The Company shall indemnify, defend, and hold the Managerharmless from any losses, damages, and costs that relate to the operations of the Company to the fullest extent permitted by law.From the PPM, my friend noticed that the Management and the Sponsorship team appear to be the same people.2 questions:1) Does that clause in my friend's PPM mean that in fact, the sponsorship team is putting the clause that is NOT recommended by Perlman's article?

23 March 2020 | 2 replies
If the RE market is crashing and banks have to deal with a growing number of foreclosures and lending related losses, they will probably apply stricter limitations and conditions for borrowers and usually this type of limitations are applied to investors first: lower LTV, higher interest rates, more reserves required, etc.- My expectation is that homes prices will drop faster and further relative to rent prices so a higher interest rate may not inhibit our ability to refinance and make BRRRR work.

22 March 2020 | 4 replies
Waiving part or all of April's rent for those who have lost their jobs or loss of hours.3.

29 March 2020 | 29 replies
Very conservative model that typically pays 12-15% annually to my investors.I am in the process of raising 5M capital currently for several mobile home parks and have already been turned away by several of my long term investors because they have either:- taken a recent HUGE loss in the market (many had margin)- generally terrified of the economyI'm considering raising my return to the investor to boost it to over 16-20% but wonder if that will even do any good.

9 April 2020 | 9 replies
To take advantage of this the governor’s decree requires “… the tenant can demonstrate to the court, through documentation or other objectively verifiable means, that the tenant suffered a substantial loss of income resulting from COVID-19 or the related proclamation of a state of emergency and catastrophic health emergency, including, without limitation, due to job loss, reduction in compensated hours of work, closure of place of employment, or the need to miss work to care for a home bound school-age child.”

24 March 2020 | 9 replies
If you roll it into an SDIRA right now you will sell at a 20-30% loss, and STILL have to pay fees and whatnot for rolling it into an SDIRA.