
2 April 2020 | 88 replies
I was forced to sell the flip for a $50,000 loss.

7 April 2020 | 12 replies
It might make more sense for me to try to zoom out a bit and research some other areas to make the investment more feasible.

12 April 2020 | 5 replies
They are referring to the excess business loss limitations under 461(l) which was encacted under the tax cuts and jobs act.

10 April 2020 | 7 replies
Under the CARES Act, net operating losses created in the 2018, 2019 and 2020 tax years can be carried back five years with no limitation on their usage.LIMITATION ON NET BUSINESS LOSSESPrior loss limitations imposed under the TCJA are suspended.Under the TCJA, taxpayers (other than C corporations) were limited in utilizing net business losses (i.e., business losses in excess of business income).

4 April 2020 | 1 reply
Check whether the insurance policy covers business disruptions resulting from the loss of a key supplier’s services/products, as a result of COVID-19.Lastly, ask your bank about payment deferrals.
16 June 2020 | 9 replies
Sellers now are in a tough position where they would ; 1) obviously move forward with deal and close of escrow as planned sooner.2) wiling to work with buyers but don't want them to back-out at the end of due diligence period without any compensation for loss of opportunity.3) Seller are contemplating to ask for a non-refundable deposit from buyers if they choose to cancel the deal and walk away at the end of the (90) days extension.4) what is fair and reasonable under these circumstances as I don't want to risk the buyer canceling the deal completely, but also don't want the seller end up with absolutely nothing?

30 March 2020 | 2 replies
They will usually require the following coverages; Property, General Liability & Loss of Rents.All 3 of the above coverages are the foundation of most landlord insurance policies.In regards to hiring the PM, you still want all of these coverages under your own policy to protect your interest.

30 March 2020 | 3 replies
I am still optimistic that the market will rebound after this pandemic, but I am wanting to hedge potential losses (hard money holding costs) in the short term buy refinancing the loan into an interest only loan.

29 March 2020 | 3 replies
I plan to do maybe 1 or 2 flips this year (2020), but we'll see how this economy goes.Property #1: Purchased in 2019, flipped, and sold the same year for a slight loss of $10k (held the property for less than a year)Property #2: Purchased in 2019, flipped, and planning to sell in 2020.

29 March 2020 | 1 reply
Should landlord policies cover loss of rents due to eviction moratoriums that are now in effect for most state and local jurisdictions?