Marita Jojo
Title company saying non essential business closed
27 March 2020 | 23 replies
Important notice Prior to settlement, a ll parties must notify our Trident Land Settlement Officers in advance of closing, if any of the following apply to any person planning to attend: ● A diagnosis (positive test result) for COVID-19 ● A pending test for COVID-19 ● Under Quarantine by direction of a healthcare provider ● Traveled by them or a household member in the past 1 4 days to anywhere designated as having widespread sustained spread b y the Centers for Disease Control & Prevention Geographic Risk Assessment tool: https://www.cdc.gov/coronaviru
Chris Lopez
Denver Coronavirus updates and Q&A
16 April 2020 | 72 replies
We think it is important to look at Denver real estate in 5 day increments since corona virus became real (I'm saying March 12th, which is when the NCAA canceled the tournament.)GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan.$800-$1.2Mdown from 5 day increments before, but not significantly and a small data set
Natalie Cloutier
Coronavirus: email to send to your tenants
14 April 2020 | 160 replies
If you are directly affected by the COVID-19 because you are sick or quarantined and you have not yet applied for EI benefits, please submit your application as soon as possible.
Todd Strong
Hello Bigger Pockets: Newbie
30 March 2020 | 4 replies
And absolutely, nothing better to do during quarantine than learn!
Katrina Gillrup
Are your rental applications slowing down?
21 March 2020 | 2 replies
With almost most (if not all) the whole nation under self quarantine, folks are staying put and even even backing out of signing leases since this all started.
Jill F.
Rent and Covid-19-our letter to tenants
8 April 2020 | 73 replies
There are several plans in news:Congress is working on a stimulus package: Democrats want to provide increased (full salary replacement) unemployment benefits and expanded medicaid to the unemployed and paid sick leave to those who have jobs but are quarantined as a result of the virus for the duration of the crisis.
Greg Moore
What payment platform do you prefer to receive rent?
27 March 2020 | 20 replies
I will be using this quarantine to set it up, and hopefully transition everyone who pays me directly.
Owen Dashner
Best Productivity Ideas for Home and Business During Quarantine
22 March 2020 | 0 replies
Best ideas to stay productive and sane during the 2020 Corona Smackdown:
Home:1. Declutter! Go through closets, wardrobes, toys, garages, etc. and make piles of trash, donate, keep. Shelters and families can use your...
Russell Brazil
Be Greedy When Others Are Fearful
3 November 2021 | 72 replies
With supply chains being cut left and right all over the world, escalating quarantines, reasonably intelligent tradesmen who have better things to do than run out to job sites all day and expose themselves to infection or any sort of injury that involves going to the disease-ridden hospitals.But you honestly think that in this deal, you should worry more about housing value changes, bank rates, and what your hypothetical new tenants will be able to afford.It boggles the mind.
Russell Brazil
What Markets Are the Best & Worst Positioned For Coronavirus?
24 March 2020 | 18 replies
You'll end up having some states that will try to keep quarantine procedures going, and then you'll have other states that will try to go back to business as usual.