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8 February 2021 | 88 replies
But there are some very sinister things everyone ought to know about the USPAP document.USPAP was originally written in the 1980's after the Savings & Loan crisis (maybe some of you remember that event) where the fact of the matter was, banks were employing appraisers the same way they do now, to value an asset for purposes of underwriting a loan however, loan brokers and appraisers were too "cozy" with their work together, and were even employed by the same bank and working in the same office in many cases, where fraud began to find it's evil way into one bank, then another, then another.The important part to remember here is that while each bank is it's own entity, the industry acts as a whole sometimes, similar to how the real estate market acts as a whole sometimes.
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5 April 2020 | 61 replies
I would prefer to have my full April rent in that event.
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10 April 2020 | 84 replies
This is not a predictable event with a predictable time table or set of outcomes.
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1 April 2020 | 2 replies
Search for Members or Events in your area and start hanging out with other investors.
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2 April 2020 | 7 replies
I use zero for any cashflow for a conservative estimate in any event.
17 April 2020 | 9 replies
Barring some truly cataclysmic event that makes coronavirus feel like a fender bender - like Miami getting nuked or dollars becoming as worthless as Reichsmarks in Weimar Germany - there will be demand to live and play in South Florida.
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7 May 2020 | 15 replies
With the "shelter in place" events happening in most states like CO, notes on a restaurant and retail store are highly likely to go into default since the shop owners most like have had to close their doors to customers.
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17 May 2020 | 8 replies
If photography must occur while the tenant's occupying the space, offer them a financial incentive if the space rents while they're living there, grant them time to stage the space, remove anything they don't want shown online, and (most importantly) only do this if your tenant actually keeps a clean space (can't believe I have to say that but you have seen some of these rental photos PMs put online?!)
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1 April 2020 | 4 replies
In any event, I can't afford to build another unit there and lack the parking for that in any event.
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2 April 2020 | 3 replies
I'm looking for some advice on structuring the deal since closing has not yet occurred.