20 March 2020 | 8 replies
.- area with decent schools- something affordable (around or less than $200k)- a 3+ bedroom 2+ bathroom single family home- a B- or better area (first time property manager here)- something with healthy cash flow AFTER I move out of the house hackI hope to finance with an owner-occupied loan, so I can use the bulk of my capital to possibly force some equity into the home.
22 March 2020 | 18 replies
So far they have not heard back from tenants, but if our tenants are indeed impacted by the lockdowns/virus and can’t make rent, our PM will reach out to us and we are willing to listen and work it out.
22 March 2020 | 14 replies
Because unless I go to college for eight years with money nobody has, Im doomed to the mediocre 9-5, survive, not thrive lifestyle/cycle forced upon just about my whole family.I honestly don't know my WHY statement...
22 March 2020 | 19 replies
I believe the threat has been greatly exaggerated but it's a train that can't be stopped.Nobody can predict how long it will last or what the impact will be.
20 March 2020 | 1 reply
Here's the rules on San Jose's current eviction moratorium: https://www.sanjoseca.gov/your-government/departments-offices/housing/eviction-moratorium It sounds like you could possibly proceed with a valid eviction based on what you wrote, but I don't think anyone could say for certain since there's a number of reasons the tenant could claim she was impacted by COVID-19 and no one here knows what she could/would try to claim.
20 March 2020 | 1 reply
This leads me to be optimistic that our region is in a strong position to withstand economic downturns that may have a greater impact nationally.
21 March 2020 | 3 replies
In this case, I would think this present situation would exponentially impact small government agencies such as housing authorities not to mention the true fall out of this once tenants stop paying rent and emergency rent relief policies take hold etc...I think they will be inundated for several months from when the virus outbreak is actually contained and starts to contract.2) I am hoping that the Federal Government will emergency fund the Section 8 program in order to pay for the tenant portion of the rent.
4 April 2020 | 6 replies
I think Texas will be the first market to recover from the financial impact of the virus.
20 March 2020 | 3 replies
Trying to wholesale a short sale is like trying to force the square peg in the round hole.
24 March 2020 | 3 replies
Barring the negative impact of COVID-19 which we are all being informed of on the daily (via news, tv, radio, social media).