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12 April 2020 | 14 replies
We try to have education and discussion with them and the banks The valuation and net equity numbers should at a minimum have an asterisk as the numbers you present could lead someone with insufficient knowledge to believe they have a good chance of being able to add an ADU as a value add, then refinance it at 75% LTV with conventional loan and with you valuation be able to extract all or their ADU costs and maybe all of their primary property acquisition.
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2 April 2020 | 2 replies
We've already offered discounts and deferred payments to some of our smaller businesses.
2 April 2020 | 8 replies
Best bet would be to get hold of Dave Foster on BP as he is a QI and has been very good about advice.This is an important piece - a good QI protects you from violating the essence of the 1031 which is you defer gains by never, ever, touching any bit of the proceeds from the sale.
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2 April 2020 | 7 replies
My tenant's girlfriend and their 1-year old toddler were all present during this altercation.
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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.
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3 April 2020 | 4 replies
One tenant is still working, but asked to defer -- HELL NO!
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4 April 2020 | 5 replies
The two things mentioned were waiving late fees for a period of time, and deferring payments.I chose to go with the payment deferral approach because it provides the assistance they need.
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3 April 2020 | 1 reply
Mortgage and rent payments can be deferred for 90 days.
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2 April 2020 | 0 replies
Needless to say, if carbon monoxide is present under these conditions, it can be easily drawn into the conditioned air space.
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9 April 2020 | 16 replies
I've had dealings with some who have major RE investment chops but are new to Greenville and want access to my rolodex and local knowledge but then don't take my advice on properties I present to them and go direct to wholesalers for the ones they do purchase.