Chris Montoya
Cash-out refi on primary residence to buy rental
30 March 2020 | 1 reply
Do I include anything on my 2019 taxes or do I start claiming on my 2020 taxes next year because the 'in-service date' is March 2020?
Anthony Sherman
Massachusetts Landlord - COVID-19 Letter to Tenants
31 March 2020 | 2 replies
location=MA&keyword=&persist=&ajax=0State guidence on coronavirus unemployment: https://www.mass.gov/resource/information-on-unemployment-and-coronavirus-covid-19Zero-hour or furloughed eligibility: https://www.businessinsider.com/what-is-zero-hour-schedule-unemployment-benefits-2020-3Self-employed or independent contractors: https://www.thebalancecareers.com/can-i-collect-unemployment-if-i-m-self-employed-2064148Seek housing assistanceOverview on housing assistance in Mass: https://www.mass.gov/guides/a-guide-to-obtaining-housing-assistance#-rental-assistance-Retal assistance section: https://www.mass.gov/guides/a-guide-to-obtaining-housing-assistance#-rental-assistance-Framingham Housing Authority: https://framinghamhousingauthority.org/GeneralFederal stimulus package FAQ: https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.htmlHighlights:- Payments coming to most Americans w/in 3 weeks of $1,200 (ensure your taxes are up to date to receive payment)- $600 federal unemployment for both persons receiving state unemployment benefits AND for self-employed and contract workers for up to 4 months- Federal student loans payment deferred for 6 months- Up to $100k withdrawn from IRA or 401k w/o penalty in 2020 for coronavirus hardshipsIRS page for stimulus package: https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continueGeneral pandemic financial advice: https://fortune.com/2020/03/26/stimulus-package-how-to-unemployment-benefits-small-business-student-loans-self-employed-retirement-coronavirus-bill/Please use this information to your advantage the best you can; the goal is to continue our lives as normal (except while staying 6ft apart of course).
Chris G.
Keep or sell vacation rental after long, expensive renovation.
30 March 2020 | 1 reply
When we inherited it, it was badly out of date.
Heather Frusco
COVID-19 Eviction Moratoriums help who?
30 March 2020 | 7 replies
Instead of allowing tenant and landlord to work it out before it damages a Tenant’s record i.e. court date is set, tenant understands there's consequences, an agreement is reached, eviction is avoided… however a moratorium changes this dynamic... now we will still file a notice of eviction while attempting to work out a payment plan with the Tenant however, the difference now… is that a new agreement has been reached and if for some reason the Tenant is unable to fulfill the new much more forgiving agreement and then still refuses to downsize... evictions, credit filings and garnishments are imminent and will surely ensue immediately after the moratorium. 2 – It’s already started most Tenants just don’t know it yet – What happens to vacant units when there’s moratorium in place?....
Josh Lyons
Where to put capital project savings?
1 April 2020 | 3 replies
A prudent approach may be something like:20% (or a fixed amount) cash50-60% index funds (with a stop order at 95% of value to minimize downside risk)20-30% bonds/CDs with 1-2 year maturity dates that overlap every 6 months.
Avery Carl
Airbnb to Contribute $250M to Hosts Affected by COVID 19
4 May 2020 | 49 replies
In response to the WHO declaring the disease a global pandemic, that’s the date we announced coverage under our extenuating circumstances policy for situations related to COVID-19.We know a lot of people are facing serious hardships right now, and we’re working around the clock to help you.
Abe McLaurin
College kid needs advice...
1 April 2020 | 8 replies
Along with establishing the mini goals, put in dates for completion.
Naveen Kolagatla
Help Please! In Contract for primary residence
8 April 2020 | 11 replies
Currently builder in extended the closing date without increasing the financial contingency period or adding the new Covid-19 addendum.
Thiyagarajan Madhavan
Phoenix AZ - SFH rental property escrow close date is 3 days away
2 April 2020 | 2 replies
I am on a contract to buy a rental 4 BDR, 2 Bath SFH property at AZ Goodyear. My escrow closes in 3 days from now. Seeing the current covid-19 scenario, jobless numbers i am thinking of walking away from my contract t...
Thiyagarajan Madhavan
Phoenix AZ - SFH rental property escrow close date is 3 days away
31 March 2020 | 3 replies
I am on a contract to buy a rental 4 BDR, 2 Bath SFH property at AZ Goodyear. My escrow closes in 3 days from now. Seeing the current covid-19 scenario, jobless numbers i am thinking of walking away from my contract t...