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Corona Consequences - Landlords Are Part Of The Solution
22 March 2020 | 18 replies
Hard to get an eviction through court when the courts are closed and the police that are tasked with escorting people from your property are quarantined or told not to do it - lol.
Scott Mac
Your Cash Flow During This Virus Crisis and After
22 March 2020 | 19 replies
The people who took out HELOC's on their personal homes (borrowed) to be able be in this business might be facing a double edged sword if their W2 income is effected by this.Losing their homes would be a tough blow, a lot tougher than having to sell off an under performing SFH rental.It used to be called "Betting the Farm".Hopefully we pull out of this thing before it gets that bad.
Caroline Uhara
Coronavirus impact on Section 8 for Buy and Hold
21 March 2020 | 3 replies
Then, they generally perform the inspection which tends to be between 1 and 2 additional weeks.
Paul Birkett
Short Sharp Shock? Not so much.....
21 March 2020 | 2 replies
You can probably guess where this is going.....A small portion of our loan book consists of performing mortgages (~5%).
Paul Birkett
Short Sharp Shock? Not so much.....
20 March 2020 | 5 replies
You can probably guess where this is going.....A small portion of our loan book consists of performing mortgages (~5%).
Dan Milinazzo
Desktop Apprasial, Private use/non-bank
24 March 2020 | 3 replies
I realize this will very likely require more than 1 appraiser, as the appraiser would have to somewhat know the subject area to perform a desktop appraisal.
Geraldo Rosario
Refinance and debt to income ratio
21 March 2020 | 4 replies
Yes, @Geraldo Rosario, but depending on the property and lender, they may want to see 2 years of performance from the asset.
Chris Lopez
Denver Coronavirus updates and Q&A
16 April 2020 | 72 replies
Do you feel that there is an opportunity there for someone that can still tap money and perform good underwriting?
Natalie Cloutier
Coronavirus: email to send to your tenants
14 April 2020 | 160 replies
@Gary L WallmanYou keep the buildings and the loans that comes with it, but I keep everything that the tenants pay forever ; ) yes I recognize that the building is also an asset, but an empty and non performing building is not going to attract a great price, this lowering its value.