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30 April 2020 | 16 replies
@Joe SplitrockIt usually happens once every few months.
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23 July 2020 | 92 replies
Unemployment rose to 30 million in just a few weeks. 30/160 labor force is 18.75% I think its probably closer to 33million/150million labor force (many people drop out of the labor force due to Corona virus fallout) = 22 percent unemployment.
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7 May 2020 | 7 replies
On top of that you have a high fixed cost in the lease and perhaps additional labor costs.
1 May 2020 | 0 replies
Ultimately leverage will become a necessity to grow our business to the point where we can step back and reap the rewards of our labors and let others thrive.
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2 June 2020 | 9 replies
Hi Joe,According to Reuters, it looks like there may be political factors who see a benefit for themselves in not working to stop the problems. https://www.reuters.com/article/us-minneapolis-police-biden-bail/biden-staff-donate-to-group-that-pays-bail-in-riot-torn-minneapolis-idUSKBN2360SZThe long term effects, it's hard to tell.The short term effects (when its over), we might see revitalization money offered to the commercial neighborhoods that suffered some burning, but if those neighborhoods are in lower socioeconomic areas the offers will probably (as usual) be small and more tied to attracting votes to the offerors than any real needed amount based on an analysis of the area.
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8 June 2020 | 6 replies
@Joe M.Thanks, Joe.
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14 June 2020 | 45 replies
I’m sure you’re more informed than the average joe so as long as it cashflows after you move out, it’s in an area you’re familiar with, you have reserves for cap ex and 3-6 months of mortgage payments and have a business bank account setup you should be good to go.
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18 June 2020 | 31 replies
@Joe BertolinoHey Joe,Thank you for taking your time to respond.
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26 June 2020 | 4 replies
Basing it on the average cost of materials and labor is straight up morally wrong.
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24 June 2020 | 3 replies
But before going that route I wanted to hear and learn from others that may be more experienced and knowledgeable.Much appreciated, Joe