GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan. $800-$1.2Mdown from 5 day increments before, but not significantly and a small data set

Not having much experience with land surveys I Googled the average cost of a land survey and it said on average around $400-500.  

Only then will you start making a monthly payment based on the average daily balance. 

I am trying to rent out a unit for the first time and was wondering on average how long someone waits to notify you that they want to proceed with the application process after viewing the unit?

Just read a bunch of the threads on the subject in that last few weeks and you can see how folks are handling it.I think its pretty obvious the most vulnerable tenants are going to be the service workers who have been laid off and as we know the average tenant has Zero savings.. so even though they could get unemployment i am not sure that will cover all their needs..

Right here right now being annihilated.Last recession multis lost 40% on average and sfrs lost 32%.

Hmm I might consider renting the property as you can typically rent in around 30 days on average and selling can take an average of 60-90 days or longer.

All of our properties need to be in an area where the average rents align with the cost of the property, rehab costs, annual expenses, as well as long term capex (bigger ticket items such as HVAC).

Try to stay within the investor groups and niches, that way you're more in the loop rather than the average buyer who's looking for their dream home.

Main take away: Extremely attractive financing terms we have never seen before, higher than average rental demand for SFRs & transition of funds from stock market to safer assets like RE that will drive appreciation over time makes this a very opportunistic time to purchase stabilized SFRs.