Joe Lonetti
HELP! Need tenant advice ASAP
19 April 2020 | 4 replies
Would you qualify the new prospects during normal situation I.e. pre-COVID-19 per your standard. 2.
Jerrel Almeida
Inverters in Rhode Island
3 April 2020 | 4 replies
@Jerrel Almeida still alive and kicking, just being a little more cautious these days.I know some private/hard money lenders who have stopped lending completely, at least until this all settles down and we get back to "normal", while others are still lending but discounting their ARVs by 20-30%.If you're a wholesaler, I think you'll need to start discounting your ARVs - and thus your offers - by a good amount to account for your buyers' lenders being more cautious.You might want to add at least 20% to your rehab estimates too, because it can be harder to get people to the site, harder to coordinate and things will generally take longer - e.g., it might not be possible to have more than one person working on the site at a time.I've heard from other wholesalers and agents that activity is definitely down, there are fewer buyers out there and the ones that are, are more cautious.I'm talking about investor-buyers, not retail buyers.
Mike Savage
Virtual tours for rental properties
4 April 2020 | 4 replies
Show them what they would normally look at if they were touring the home in person (inside of fridge or oven, closet size, etc.)
Jonathan Lane
Foreclosure Investing for Newbies
3 April 2020 | 5 replies
In Fayetteville, NC we normally have a lot of good foreclosure deals.
Alex Jamael
Raising Money for a 36 unit
7 April 2020 | 14 replies
Normally when you raise money for the deal you need to be the catalyst of arranging the mortgage..
Alex Moseman
Expenses in Minneapolis, MN
14 April 2020 | 6 replies
I budget a bit higher than normal for capex/repairs, and it produces a good amount of income.
Erik W.
Moving forward - Who has been busy?
5 April 2020 | 11 replies
I suspect families are unlikely to move at this time of uncertainty.Tenants are still paying like they normally do.
Nathan Gesner
What is your Plan B?
9 April 2020 | 38 replies
Hopefully it will stay that way.I think things will eventually get back to normal.
Marita Jojo
How is everybody getting rent ?
3 April 2020 | 3 replies
Process late notices as normal.
Patrick Smith
Renting to Senior Care / Assisted Living Biz MN
17 June 2020 | 4 replies
@Patrick Smith - I was just speaking with a client last week, she had a similar agreement in one of her units and was taking the necessary steps to transition back into a normal residential property.