That’s going to decrease the vacancy rate and increase rent on the vacancies that do exist.”A record number of 74,021 Floridians filed for unemployment for the week ending March 21.The top five high-risk metro areas with a large population deemed to work in “non-essential” industries includes: Las Angeles with 25.5% of its population, Orlando with 16%, Miami with 15.9%, Riverside with 14.3% and Oklahoma City with 14.1%.The metro areas with the smallest population deemed to work in “non-essential” industries includes: Minneapolis and Boston with 9.6%, Detroit at 9.4%, Milwaukee with 8.4% and San Jose with 7.7%.

The mayor of Pigeon Forge actually recorded a video telling everybody to please stay home and said, "We'll still be here to welcome you with open arms when this thing is over".

Unless you are in dire straights and have to buy immediately, give it a month and see how the market reacts to RECORD UNEMPLOYMENT.

Having a team with a track record and credibility makes the syndication/funding process a much easier pitch.

If you paid $20k for it, your closing costs (assuming cash) are probably somewhere in the $1-2k range, depending on what is necessary for where you are - title costs, inspection, prepaid taxes, recording fees.

Exact same property two weeks later except in sold it for 100k over what it was recorded as being sold for in the MLS.

“This is already shaping up as the deepest dive on record for the global economy for over 100 years,” he said.

Yes, if markets go back to record highs in short order and credit markets don't see an increase in defaults or restructuring then this shouldn't be a bigger problem than it already is (some pension funds were in crisis mode before this).

If you had regular operating losses for the previous years, including depreciation, and they were blocked by high income, they are released at sale for an additional loss.How to properly record all of it in the books is another conversation.Besides, if it's a single-member LLC and is disregarded for tax purposes, all transactions between the owner and the LLC have zero tax impact.

Working on 4 closings right now and can still have a record year this year.