Cameron K.
Tenants Get Lease and then Ghost
23 March 2020 | 10 replies
@Suzanne Player how is it like a blank check?
Laurence Obi
Multifamily Education Needed
23 March 2020 | 15 replies
Based on your post, I've bolded the titles below that should be most applicable to assisting with estimating costs.For 5+ Multifamily/Commercial in General:Crushing It in Apartments and Commercial Real Estate by Brian Murray - Great Source of InfoThe How to Add Value Handbook for Commercial Real Estate by Brian HennessyThe Due Diligence Handbook for Commercial Real Estate by Brian HennessyFor Large Multifamily and Apartment Syndication the following are recommended :Wheelbarrow Profits by Jake and Gino - Simple, Easy to Read as a good intro.Best Ever Real Estate Syndication Book by Joe Fairless - Detailed, Lot of Information, RecommendedIt's a Whole New Business by Gene Trowbridge - Detailed, ThoroughAdditionally, the "Book on Estimating Rehab Costs" by J.
Michelle Castaneda
Accountant in Sacramento Area
30 March 2020 | 8 replies
Can anyone recommend an accountant in the Sacramento area that could assist with setting up a LLC?
Erin Spradlin
Corona | Denver Mortgage relief, unemployment and taxes
20 March 2020 | 4 replies
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
Bill Horton
Coronavirus - Commercial Real Estate
20 March 2020 | 17 replies
Most of our tenants have not asked for any assistance or expressed financial hardship, only the high foot traffic retail spaces.
Arron Barnes
Looking for help w/ Form 3115 to capture unclaimed depreciation!
20 March 2020 | 4 replies
Is there a tutorial to assist me in filing form 3115?
Travis Kremer
Post Due Diligence Contract Termination
22 March 2020 | 10 replies
Government stimulus packages are going to give sweeping aid to every family, unemployment services will be well-funded, and rental assistance programs ready to assist.
CJ M.
Ohio government rent help for tenants - COVID-19
20 March 2020 | 0 replies
Part of my plan is government assistance.
Peter Nikic
Communicating with your tenants Regarding COVID-19
23 March 2020 | 26 replies
I'm prepared to work with my tenants to the best of my ability, but I will let them come to me for assistance if they need it.
Ryan Daigle
Is Multifamily Truly Recession Resistant?
21 March 2020 | 28 replies
The overwhelming majority don’t work and are receiving some sort of gov’t assistance.