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30 March 2020 | 16 replies
Respond with minimal enthusiasm if they seem suspicious or dis-ingenuous.
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31 March 2020 | 7 replies
First thing I would do is contact your lender and get answers from them on how they prepare to deal with property owners with tenants who are defaulting in mass scale because of the Coronavirus.As you may know, the AZ Governor signed an executive order delaying evictions for tenants affected by the Coronavirus.
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23 April 2020 | 3 replies
However, it delays finding a renter and increases vacancy.
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30 March 2020 | 3 replies
Participating in Syndications is a great way to learn and minimize some of your risk.
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24 April 2020 | 125 replies
My history is as follows:Early Childhood - Dirt Poor in the 70s in NYC.Teenager - Dirt Poor but studied hard to get into CollegeCollege - Delayed due to family crisis.
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13 April 2020 | 6 replies
I've found regardless of bank/lender size all of our lenders have been very open to assisting us in minimizing or deferring payments until the Coronavirus pandemic subsides.
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31 March 2020 | 2 replies
As of today there is no relief for us through our bank or government related to delayed or partial rent payments (as I am writing this I have been on hold with our lender for 1.5 hours) so please pursue all avenues detailed in this email and any others you may have available to you to make rent on the 1st.Feel free to reach out direct via cell for any questions or concerns.Good luck, wash your hands, and stay safe :)Anthony
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3 April 2020 | 6 replies
A lot of people give up after thinking of the first 10 people they know, but the real money is in the weak ties, the people that you have a minimal connection to.Also, I think to some extent, the SOI is tougher for new agents.
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30 March 2020 | 7 replies
1 – Moratoriums only delay the inevitable – lets be honest the reason for evictions is because a Tenant is either: not paying rent, destroying a rental unit, not abiding by the lease terms originally agreed on or all of the above... because of this LL’s end-lease and typically seek evictions.
2 April 2020 | 10 replies
That left with $17.5k (less closing costs, but they were pretty minimal), which I then rolled into the next house with a similar strategy.