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30 March 2020 | 16 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
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20 March 2020 | 1 reply
Here's the rules on San Jose's current eviction moratorium: https://www.sanjoseca.gov/your-government/departments-offices/housing/eviction-moratorium It sounds like you could possibly proceed with a valid eviction based on what you wrote, but I don't think anyone could say for certain since there's a number of reasons the tenant could claim she was impacted by COVID-19 and no one here knows what she could/would try to claim.
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20 March 2020 | 4 replies
I did not claim them on my 2018 return.Thanks
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21 March 2020 | 28 replies
The news reporting that claims jumped 300% this month doesn't take into account that we had historically low unemployment to being with.
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20 March 2020 | 4 replies
If so, you can file a claim against the bond.
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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
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14 April 2020 | 160 replies
The nurses, gardeners, clerks, artists and teachers you claim are losers, living paycheck-to-paycheck, not saving - pay your rent and so help you acquire the wealth you are achieving now as an investor.
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21 March 2020 | 4 replies
The seller countered and stood firm on his $95K list price, claiming that he will be breaking even at this figure and that the property will appraise for higher.
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21 March 2020 | 4 replies
In this situation that seems unrealistic because his mortgage value is way to close to the ARV.
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21 March 2020 | 10 replies
@Mike A. every policy needs to be reviewed in its entirety for a claims adjusted to make a formal decision.That being said, of all of those claims we have filed for clients this week those claims have already been denied.Of the 40,000 clients we have, we have yet to have a Property policy respond to this.