Sachin Maskey
Multi family offer accepted and closing next week
2 April 2020 | 4 replies
Due to this recent outbreak my closing rescheduled and now schedule for next week I am not working on my regular W-2 job and hoping this will resolve soon and hopefully we can go back to normal routine I am trying to figure out if I need reschedule my closing 4-8 weeks and wait until this outbreak resolves or should I do closing next weekI have already made $10 k my earnest money and would appreciate if you can give me your expertise and recommendations Thank yuh Stay safe
Jaysson Brooks
CARES ACT: Penalty Free $100K Loan from 401K?
22 April 2020 | 9 replies
It is the ability to take a taxed distribution from the IRA/401(k) with a waiver for the additional 10% penalty that normally applies to an early distribution prior to age 59 1/2.Due to the need to pay taxes and the cost of needing to amend prior year returns to get those taxes back, this is not likely "easy access short term money for investing".
Yvonne Shui
Purchasing in Bed Stuy Brooklyn
3 April 2020 | 16 replies
Looks like the situation will continue to get worse before it gets better in NYC.Hopefully Covid19 will be gone in June and things will be back to normal.
Lyle Cooper
Lease renewals and COVID-19
2 April 2020 | 3 replies
I would increase if that's the normal market rent for the property.
Salvador Carlton
Heloc Strategy to pay home mortgage down
2 April 2020 | 9 replies
You would direct deposit your income into the Heloc and use it as a normal checking account to pay Heloc down, bills, etc.
Brian Driscoll
Telecommuting Impact on Real Estate
8 April 2020 | 13 replies
Here they have open offices that folks rent a desk from and they come in and work like a normal office.
Jay Hinrichs
Self Storage how are you folks doing with rent collections ?
5 April 2020 | 7 replies
No parking no garage.. and no real storage in the units other than normal closets.. but we sold them all in 45 days and got 500 to 600k for each of them.
Renata Shoimer
Tenants who can pay but won't
2 April 2020 | 2 replies
Process late notices as normal.
Tanner Stenquist
First Property Do's and Don'ts
2 April 2020 | 10 replies
Normally those are solid performers.
Kirk R.
stock market stupid prices?
18 April 2020 | 44 replies
In my opinion, stocks are probably priced about the same as 2008, but the reduced value of the dollar from $4 trillion or so of QE makes the stock market seem inflated compared to 2008, although today’s prices are the “new norm”.RE prices should be higher than 2008 comps too for the same reason, but due to barriers to entry as lending returned to normal in 2009-present (no more “undocumented loans”) RE prices aren’t as run up as the stock market.