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1 April 2020 | 0 replies
Longer build up of inventory, but safer during turbulent economic times.During the last downturn in Real Estate, many of my BRRR investor clients saw their entire portfolios unzip when a small number of tenants.Currently I am seeing a huge increase in calls from my investor clients inquiring about unloading their highly leveraged investment properties.30 - 60 - 90 Day notes called by commercial Lenders (The commercial credit market will probably lock up soon if Banks don't act soon)Closing of Equity Lines by Residential Lenders (yes, a lot of lenders have it in the small print)Calling on Equity Lines by Lenders (again, the small print)Margin Calls on mortgages by lenders especially hard money lenders.A declining Real Estate Market (Many areas especially Southern CA are seeing dramatic price drops on listed homes)My questions for current BRRR investors are:.
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6 April 2020 | 13 replies
And while related, it doesn't even address your economic vacancy expenses.
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3 April 2020 | 2 replies
I was thinking about using it to rehab an investment property, about $18,000, we just bought and save access to the rest for reserves should this current economical state continue for many months.
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2 April 2020 | 4 replies
I would like to speak with you about your business and how you're coping with the sudden economic shock, or maybe you haven't experienced any shocks yet but are fearful you will in another month.
2 April 2020 | 1 reply
Hello Experts,In the state of Michigan, is wholesaling allowed if you are a real estate sales agent and/or own a real estate brokerage firm?
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1 April 2020 | 2 replies
Becoming an unemployment expert.
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3 April 2020 | 1 reply
I don't want to sound socialist by any means, but this stupid virus has created an economic incursion of our daily lives to which we have no time window to recover back to norm - who knows how long a recovery will take?
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1 April 2020 | 0 replies
The current economic environment is being used as justification, being used to create fear and a sense of urgency, to suspend reason.
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9 April 2020 | 5 replies
By the way one of my mentors is the former CEO and grandson of the founder of Dollar General so I understand the issues and economics of convenience retail in smaller markets.