17 March 2020 | 9 replies
Unfortunately, I don't think the property I live in now will pull in enough rental income to cover the mortgage, and on top of that, I'm fairly certain selling the property would actually take money out of my pocket.I do have some time to think about all this, since the company I work for has a travel ban in place right now due to COVID-19, I'm not able to travel to Portland for work yet, but whenever this pandemic ends, this job opportunity and big lifestyle change will be staring me in the face asking for action to be taken.I want to get into real estate investing at some point in my 20's, and I don't want to set myself up for failure by making bad choices with my current situation.
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16 March 2020 | 2 replies
I think you will find that our current circumstances has created a very opportunistic time to obtain a better return on your investment by purchasing single family rentals.Overall effect of Coronavirus:Vacation & short term rentals have seen a decrease in demand as fewer people are traveling.Interest rates have hit all time record lows allowing for the best financing terms to lock in 30yr fixed rates that we have Never seen before!
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23 March 2020 | 13 replies
Their best intentions now are hopes and dreams, unfortunately I saw it time and again in 2009/10/11 working with mom and pop retailers and restaurants.
16 March 2020 | 4 replies
Unfortunately, you will have to go through legal proceedings, headache, rent loss etc.
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17 March 2020 | 7 replies
Unfortunately I work in the restaurant industry in Chicago which means, as of today, I have been placed on furlough by my restaurant.
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17 March 2020 | 3 replies
I, unfortunately, do not know anyone who has experience with this.
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23 March 2020 | 49 replies
Wins for your tenants wins for other investors/owners who may, unfortunately, need to sell, and if you can create enough wins for others, I firmly believe you will win in the end too!
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17 March 2020 | 6 replies
I think the market will unfortunately shake out some of the landlords and property owners who don’t have good systems, who are over leveraged , or those that are just tired of being landlords.
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26 July 2020 | 30 replies
If the circumstances were different and the quad was here in western Pennsylvania and needed that much work in the 60 upcoming days, I would be worried.
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17 March 2020 | 2 replies
Can you please give me a few ideas, or direct me to a blog thread where people have succeeded in a similar circumstance?