Jason Malabute
I NEED YALL ADVICE PLEASE
6 April 2020 | 10 replies
So I started the year off with 2 goals 1) buy my first laundromat 2) 6 units (originally SFHs was my goal)Ive been studying laundromat business from mid January to now Then 2 things slowed me down very slow refi on 2 properties (long story but still trying to fight reappraisals) and COVID19More info about me I have a disability, My w2 income is very low, It is hard for me to get a job because of my disability, my primary residence is free and clear, I have 3 rental units right now (1 has a mortgage and 2 I am trying to cash out refi as mentioned) and Im very liquid.
Simon Bloch
Refinance of duplex stalling
18 April 2020 | 7 replies
@Simon Bloch..as a mortgage broker in CA, it could be the wholesale lender who he was putting your loan with had to tighten up because of the liquidity mess in the secondary markets.
Thi Ngo
Prel-leasing for Fall vs Spring
4 April 2020 | 2 replies
We have a few rentals for student housing and renters in one of the houses will be graduating in December 2020 but their lease will expires in July 2020.
Max Soukhov
What will happen to REITs?
7 April 2020 | 11 replies
To me this is equivalent at buying a property at a discount because the owner has a short term cash need and needs to liquidate.
Clifford Hover
Eviction during covid outbreak
1 February 2021 | 7 replies
If my tenant in Cape Coral, FL lease expires and I don’t renew it, what happens if they don’t leave the property?
Tim M.
How to secure private lenders for residential properties?
4 April 2020 | 3 replies
Read The Millionaire Next Doorhttps://www.amazon.com/Thomas-J-Stanley/e/B000APC2MY/ref=dp_byline_cont_book_1How to Finance any property https://www.amazon.com/gp/product/0757001351My favorite way is to go to REIA MeetingsSee https://www.biggerpockets.com/rei/real-estate-clubs/Ask the organizer if you can make a 30 second commercialSay "I am looking for 2 - 3 private investors, I pay 9% in 90 days, I do rehabs, you get Real Estate Security with a note, you get 9 x 4 or 36% return, and you can use your IRA money!
Jordan Murrell
Is now a good time to start investing?
7 April 2020 | 58 replies
If you are liquid and have a nice amount of cash reserves it is going to be a great time to buy from the instagram investor who over leveraged and will be selling at a steep discount.
Patrick Hagerty
Northern RI vs Southern MA
29 April 2020 | 6 replies
So even if I had "inside information" a few months ago, I'd say it's probably expired now (lol).But really, there are very few hot tops or inside information in real estate unless you're talking about a specific property or some kind of new development in the works.
Ori Skloot
Pull out funds from Line of Credit While you Still Can?
5 April 2020 | 2 replies
Given the current Covid impact on business, real estate and banking, we could be heading into a liquidity issue in the coming months.
KATE HARDY
⁹Rental properties Tax Nightmare
21 April 2020 | 4 replies
They are aggregated on one schedule e right now.