I’m buying a shortsale for 715 in corona queens 2 family3 bedrooms 1 bath living room and dining room Garage walk in basement above ground Close to northern Blvd Before the corona virus it was comp at 1.5I just got the hard money loan Apprasial for 975kWhich I think is way offfHow long you guys think before prices get back to normal

That downturn came about because of problems in the mortgage market, and the entire mortgage system had to be overhauled before things could get back to normal.

I have a property under an LLC  in Kansas.The registered agent/lawyer I used is in Kansas however my home is out of state and I believe that my home address was also used when registering the LLC.I am getting mail - namely any violations from the city -  and also property tax notices sent to my home address.I would like for any and all mail regarding the property to be sent to the property management company in Kansas that I use instead of my home address.Is this a normal thing to do?

Plumbing - Must be functional with no damage or leaks.Hot water - Must be functional.Electrical - All receptacles must function normally, GFCI receptacles required in kitchen and baths, no exposed wiring.HVAC - AC is not required, but if ductwork is present, then AC must be functional.

I’ve had a few tenants impacted so I decided to reduce rental payments until they are employed or resume normal work hours.

Unless there are functional issues with the cabinets I wouldn't replace them in a unit you'll eventually rent out when they're already a normal wood grain.

You can start the application now but the SBA has a temporary stay on all loans that aren’t the PPP till the end of June so you need to make sure your Seller is very patient... and SBA loans aren considered fast in normal times.

There are certainly advantages to having it, such as the tax benefits and not having to pay for the outside of the unit (normally the HOA covers that).

RV rent around here is normally $600/mo, which is what my nephew pays now for rent.

Pandemic aside, this is quite normal, economically.