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22 March 2020 | 1 reply
Wondering what other agents are doing to protect their buyers signing purchase agreements.
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22 March 2020 | 2 replies
Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully I am wrong, but the signs are pointing this way...So to be as prepared as possible going into these time, through and coming out the other side, as this really being the first recession I have gone through that will impact me significantly (as the 2008/9 one I was young enough and going through post secondary education that the impact to me was minimal), I wanted to lean on the experience of those that have been through one of more recessions.Here are some of the questions that keep coming to mind:Previous experience:- how did you protect your downside and mitigate risk in your portfolio and personal finances when you realized where the economy was headed?
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23 March 2020 | 4 replies
Hello BP communityI currently have a townhouse i am ready to put on the market for rent and am wondering how i should structure the lease to protect myself during this crisis.
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23 March 2020 | 5 replies
The LLC is comparatively costly but protects you and your assets.the cpa firm I spoke to were very helpful and gave me all this info plus a sample structure without even charging me anytime.
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22 March 2020 | 0 replies
The more they print (all the gov't bailouts announced for banks/businesses, and the "stimulus" for citizens) and buy create new bonds that have to be paid by future tax dollars, the more I think we should all be buying precious metals/hard assets to protect from the raging inflation that will likely come.
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23 March 2020 | 2 replies
I'm protecting myself and my partner (the back).But... if you are still in short term money or all in cash... this is the time to get out.
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9 April 2020 | 9 replies
When the state of emergency is over, we will not jump to evict if you are behind and in our opinion making good faith efforts to catch up as quickly as possible.These protections do not extend to us as property owners and we are still subject to foreclosure for non-payment of mortgages.
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22 March 2020 | 0 replies
The whole reason to do the scope in the first place was to protect myself and have the information I needed to negotiate or feel good about the asking.
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23 March 2020 | 1 reply
The lenders need to protect themselves as well as the investors.
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28 March 2020 | 5 replies
My questions below are the thoughts I'm trying to figure out at this time:What have you been doing to either protect or expand your portfolio during this moment of uncertainty?