Chris Seveney
Bank Cut Reserves to 0.
16 March 2020 | 11 replies
For those that are not familiar with lending, a major component to the crisis a decade ago was banks had to liquidate assets because they did not have sufficient reserves.
Chris Soignier
How are you protecting your financial situation through covid-19?
18 March 2020 | 0 replies
., what steps are you taking to fortify your finances to reduce the risk of a liquidity crunch?
Ikenna Ivy
Consider necessary cleaning
19 March 2020 | 2 replies
One could enter with gloves, mask, bucket of cleaner and an e-cloth mop head to wipe down the walls.
John D.
CA purchase and sale with seller-finance addendum contract
19 March 2020 | 3 replies
Important to note: If the Tenant/Buyer fails to make payments for 60 consecutive days, beginning on day 61, without any notification needed the Tenant/Buyer may lose all rights to this said property, plus all prior payments made will be forfeited to Seller/Landlord, and be considered, “liquidated damages”, plus this “Lease To Own” Agreement will be considered “null and void” on day 61".
Michael Belmore
Where will rates be in 6 months?
23 March 2020 | 12 replies
This will encourage large banks to continue to write mortgages, since they don't make their money on interest charges, they make their money through origination and servicing fees.The rub, of course, is that there's no way to know what happens with liquidity and the direction of the broader credit market.
Brenna Crowe
help financing a house hack?
19 March 2020 | 3 replies
If these questions make you nervous or defensive then I think you have your answer on whether you should proceed with the deal or not.If you have the liquidity to be able to do this, then as Evan said, you still qualify and should go through with it.
Josh Sobczak
Pull first house fund out of the stock market?
19 March 2020 | 3 replies
In a time like this, it's easier to sell the idea that investors should have 6-12 months' worth of liquid cash reserves set aside for when it hits the fan (especially with the eviction bans currently).
Mary D.
My Bank says NO MORE LOANS right now!
19 March 2020 | 5 replies
Banks have a peculiar situation as they need to keep liquid but investment lenders just need to keep funding.
Kim Tucker
COVID19 and Fair Housing
23 March 2020 | 5 replies
Never play favorites with tenants and keep rules consistent to protect you in the long run but also have a heart and compassion when needed.
Matt Nico
Cant get financing with 3 cash flowing properties + a job. Why?
23 March 2020 | 48 replies
Thought she was no issues as she's retired, on social security, owned a mortgage free triplex where she lives rent free and lives off the rent Turns out she also had a pile of cash, and invested with us, and her other children a total of six properties, mainly triplexes, her favorite type.