14 August 2020 | 1 reply
I’m being offered my senior year to take a Career Pathways in depth business class at a college and I thought I should take advantage either way but since my main focus is Real Estate, I would like to choose a class tailored to that.My options are: Principles of Marketing Business Economics Principles of BusinessPrinciples of FinanceLeadershipWealth management Business strategies I’ve read the descriptions of each one but thought I should get advice from you all which class would be most beneficial for Real Estate specifically.
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16 September 2020 | 4 replies
https://www.cnbc.com/2020/08/13/empty-apartments-in-manhattan-reach-record-high-topping-13000.htmlThe number of apartments for rent, or listing inventory, more than doubled over last year and set a record for the 14 years since data started being collectedWhile hundreds of thousands of residents left the city in March and April in the beginning of the coronavirus pandemic, brokers and landlords hoped many would start returning in July and August.July’s weakness, and what brokers say is already a slow August, suggests that Manhattan’s real estate and economic troubles could extend well into the fall or beyond.As I wrote about many times earlier, the migration from expensive city centers to more luxurious suburban / rural settings is solidifying.
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15 August 2020 | 1 reply
Question for the more experienced and well versed agents / brokers here: With economic woes striking many communities in the United States, how can you as an agent best provide additional value to someone facing foreclosure?
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19 August 2020 | 9 replies
Economic aspect, who knows.
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28 December 2020 | 136 replies
Whether you want to argue on the % of Californians moving out, the bottom line is 10’s of thousands are moving out likely mostly due to many economic and political factors.
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21 August 2020 | 4 replies
Hey BP community, I'm at a stage in my learning process where I am ready to pull the trigger on my first investment property, pending current economic uncertainties but that is a post I've seen covered plenty already so we wont get into that!
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20 August 2020 | 11 replies
Investors certainly spook and have various other needs for their cash when there are economic shocks like what we've experienced recently.
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16 August 2020 | 11 replies
Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.
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17 August 2020 | 11 replies
Much of these considerations, by U.S. banks, are getting their spread sheets & accounts books looking in better order, as they face the the FED is now asking banks to be able to pass stress tests, in case any financial crisis, like occurred in 2008-2009, might flare up in late 2020 or in 2021.
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16 August 2020 | 2 replies
It’s called an “adverse market fee” of 0.5% on most refinanced mortgages starting Sept. 1 due to economic uncertainty,” is what Sallie Mae stated.On an average $250,000 home loan, the fee comes to $1,250 to refinance!