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18 April 2020 | 5 replies
My two cents on this: I would never agree to a contract like this if I was the seller, unless I was motivated and had to sell the property at any price/loss.
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27 March 2020 | 21 replies
I’m just looking for as much information to determine if I need to delay steps in my path to avoid crushing losses or change the path yet again (less willing since I I have done a lot of tweaking to this path).
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26 March 2020 | 5 replies
But I can't keep it on Airbnb because that's a guaranteed loss."
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27 March 2020 | 12 replies
If you've purchased four rental properties in the last year and have ALL of your money tied up, including LOC, don't you think, given the pandemic and potential loss on some of those rentals, that now would be a good time to hold tight and not try to spend money you don't have?
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26 March 2020 | 1 reply
They care about good food and the local providers.
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10 April 2020 | 39 replies
And how will you prove the losses?
28 March 2020 | 2 replies
For the loss of 50%, I was told that I’m eligible to file unemployment benefits.
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26 March 2020 | 4 replies
EVERYTHING related to your rentals will appear on schedule E- this should be your rental income, all your related expenses, and a net income/loss number for each rental.
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27 March 2020 | 9 replies
Before selling commercial real estate starting about 17 years ago I was in the food business sector for over a decade in all facets.
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26 March 2020 | 5 replies
Owning rentals involves volatility in cash flows, if the investors can’t figure out the best way to deal with COVID-19 while paying all their bills, then they don’t deserve to have rentals. 2 - There are options available to Investors: They can always put it on a credit card, which really already has a payment plan set up for them with their terms... an investor can quite literally just pay the minimum until they get back on their feet, not suggesting anyone just make the minimum on a CC but that is an option, just like it is an option to put food, utilities and anything else on a credit card, investments are no different. 3 - There are loans available to Investors: Applying for temporary or unsecured loans to make ends meet are available and even more so now - and before anyone says you won't qualify - there's only one person to blame for getting yourself overleveraged in some vanity fueled quest to reach x number of doors and yes... a CC is a type of loan when used - so if you have a CC... you can access to borrowed funds with a re-payment system. 4 - Why does an investor have to own their current rentals?