https://www.wfaa.com/article/n...BP family, I'm extremely excited about this announcement!

I just saw this today... finally an article that discusses small(er) landlords and the affects of tenants that aren't paying rent due to COVID 19 and the moratorium.https://www.cnbc.com/2020/09/2...

@Lerone Blatch I suggest you start with reading up on some blogs/articles on this site.

Wonderful news.

When your friend told you that Wells Fargo asked her for a $1,000,000 deposit into a Wells Fargo checking account in exchange for doing her jumbo refinance, that's what we're talking about when we say "general ease of availability" -- asking someone for a $1,000,000 deposit to do their refi would be NOT "generally easy and available" for most people (lol).It is not yet captured in any publicly facing data, but I'm seeing indications that jumbo may right now be turning the other direction.https://www.mba.org/news-resea...

Since it was rehabbed, it might benefit from the ten year tax abatement; see link.https://www.inquirer.com/news/philadelphia-10-year-tax-abatement-20191127.html

I don't think it's news to anyone that taxes have been kept too low relative to the level of spending.

@David M Trapani i read the news. i cant believe bakersfield made in to the list. its a joke. i remembered when my sister bought a place a long time ago. then the big 2008 RE crashed.

For a full overview, check out the Landlord Tenant Guide put out by the Texas Real Estate Center:https://assets.recenter.tamu.edu/Documents/Articles/866.pdf

The good news is after our monthly expenses we have a couple roommates that are going to completely eliminate any these expenses with their rent to us.