Larry Melton
Findrise is unable to repay my Investment
3 April 2020 | 27 replies
Now they send me this: Fundrise Advisors, in our capacity as Manager of the eREITs and eFunds, has determined that it is necessary at this time to suspend the processing and fulfillment of redemption requests.While under normal market conditions, we seek to provide investors with the ability to redeem their investments on a regular basis, during times of financial crisis or extreme uncertainty, it is absolutely critical that we suspend redemptions in order to protect the interests of all our investors.As Manager, we have an obligation to make decisions based upon what is best for the entire Fundrise investor community and must always put the priorities of the whole above any one individual.Fundamentally, Fundrise investors own real property, which is simply not liquid.
Zulf H.
Is there support for rental tenants to pay rent - Chicago, IL
30 April 2020 | 7 replies
We are normal people too and want to work with you as best as we can to soften any potential hardships.
Paul Thomas
After Settlement Issue
22 August 2020 | 11 replies
Getting an estate opened and a Personal Representative appointed (in a normal world) would be a same-day event.
Rachel Kennedy
Financing Issues: Getting out of HM on BRRRR
7 April 2020 | 13 replies
If so your best option in my opinion would be a short term rental loan 1-3 years this way you getting a better deal upfront with the plan of refinancing here once everything goes back to normal.
Lindsey Costello
Breaking into the Providence Market during Corona 2020
7 June 2020 | 20 replies
Normally I'd say, absolutely be at the inspection because you'll learn a lot and can ask questions as you go.However, if you're intent on closing, want to minimize your risk, and can find an inspector willing to inspect in this environment, that might be an option.
Matthew Lopez
New to Bigger Pockets
16 April 2020 | 30 replies
I *think* they will be listed here when things get back to normal: https://www.thecha.org/landlords/register-workshops-owner
Sachin Maskey
Multi family offer accepted and closing next week
2 April 2020 | 4 replies
Due to this recent outbreak my closing rescheduled and now schedule for next week I am not working on my regular W-2 job and hoping this will resolve soon and hopefully we can go back to normal routine I am trying to figure out if I need reschedule my closing 4-8 weeks and wait until this outbreak resolves or should I do closing next weekI have already made $10 k my earnest money and would appreciate if you can give me your expertise and recommendations Thank yuh Stay safe
Jaysson Brooks
CARES ACT: Penalty Free $100K Loan from 401K?
22 April 2020 | 9 replies
It is the ability to take a taxed distribution from the IRA/401(k) with a waiver for the additional 10% penalty that normally applies to an early distribution prior to age 59 1/2.Due to the need to pay taxes and the cost of needing to amend prior year returns to get those taxes back, this is not likely "easy access short term money for investing".
Yvonne Shui
Purchasing in Bed Stuy Brooklyn
3 April 2020 | 16 replies
Looks like the situation will continue to get worse before it gets better in NYC.Hopefully Covid19 will be gone in June and things will be back to normal.
Lyle Cooper
Lease renewals and COVID-19
2 April 2020 | 3 replies
I would increase if that's the normal market rent for the property.