If the summer rental season is lost or severely impacted, there will be many owners with equity needing to raise money and not many qualified buyers.

Prior to the breakout of Covid-19 there were many private investors/lenders happy with a 8%+- return. The stock market felt "over priced" for many of them and other fixed income products offered far less upside. Now t...

@Faysal AlamAs someone born and raised in Queens I can tell you the deals there are terrible. 

After raising the rents, and decreasing the expenses, my expenses are 37% of my gross income.

We should be very grateful if near term unemployment doesn’t spike WAY beyond 10% so that is an incentive not a floorExtension of unemployment benefits to 3 years, the $600 a week boost and the opening up to independent contractors a huge boost thereNo stock buybacks and no real raises in CXO compensation for 3 years or term of the loan.

You could have made much more money by getting rid of them, cleaning the place up, and raising the rent to market value.

You can potentially negotiate that the seller catches up with his taxes, but that would automatically raise the price, so it does end up coming out of your pocket either way.

@THU NGUYEN My understanding is that lenders here are still lending, but the loan qualifications have been raised a notch or two.

Once this lull passes, I hope to be ready to go to continue raising capital and getting the next fund going.I'm also finally getting my office fully organized, which has been a low priority for months.

Among the paperwork, there was one proposal/bid that stated for $8,950, they would:1) install the beams to reinforce wall to prevent further inward movement2) patch cracks on all walls with hydraulic cement3) raise window well on N side of home and haul in 12 yds of topsoil to improve the grade around the homeThat contracting comp has a 10 yr vertical wall restraint warranty against any inward movement, transferrable if you sell the home.