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20 March 2020 | 1 reply
Inventory is still hovering around the critically low 1 month mark (balanced market is around 6 months of inventory).Here are basic stats on single-family home sales for January 2019 for the City of Austin and the greater Austin area:Of course, the social and economic landscape locally has changed markedly in the past couple of weeks.
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22 March 2020 | 4 replies
We got expert help from Mat Sorensen.
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27 March 2020 | 23 replies
Not an expert on notary laws but my understanding is that other states have adopted statutes that allow the notary to notarize a document without having the person stand in front of you (e.g. video/audio conferencing, etc.).
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21 March 2020 | 4 replies
Hey BP experts, Looking for some guidance as I am a loyal listener and have put my learned knowledge into good use.
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21 March 2020 | 28 replies
No one knows, but I've not seen any expert predictions that indicate American deaths in high numbers.
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22 March 2020 | 12 replies
@Anthony FecarottaI'm not expert on this stuff, fairly new actually.
13 August 2020 | 13 replies
Michael...Using your example, we both know the journal entry that reflects the economics of the transaction is as follows:Debit Accounts Receivable: 9,000Debit Lease Commissions Expense: 1,000Credit Rent Revenue: 10,000You're arguing it doesn't matter because you're getting to the same place for federal income tax purposes...Okay.
8 April 2020 | 8 replies
Additionally, KC is recognized as one of the nation's top emerging tech and entrepreneurial hubs with strong economic upside.
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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
That's probably why so many people never learn to fix themselves and their economic situation.