11 May 2020 | 10 replies
It seems more likely that we won't truly understand the impact of Covid19 on real estate until after (1) mortgage forbearance periods end; (2) evictions are allowed; and (3) foreclosures are processed.
8 May 2020 | 2 replies
The properties appear to be relatively inexpensive and since the said units are condos, one would assume the renovation would be limited to walls in only.One of my many concerns is specific to ownership, HOA, holding cost and other miscellaneous cost which would impact the project profitability.Any feedback on personal preference between the two neighborhoods is greatly appreciated.
9 May 2020 | 7 replies
If there are no problems there I'd probably approve but make sure they are all essentially co-signing for each other not, going "I paid my part therefore I'm good"
24 May 2020 | 4 replies
I just experienced the same money issues with COVID impact (ie credit score > 800, own a $500k home, etc.) on my first flip deal and was able to go through my retirement on a line of credit, got a heloc, and personal loan from family for the last 5% via promissory notes.
11 June 2020 | 11 replies
ABC LLC essentially holds all of the profits until I'm ready to buy again.
9 July 2020 | 6 replies
The current custodian of my HSA account doesn't allow investment in fact it charges monthly maintenance fees, essentially eroding the value of my account.I want to know if there are other custodians where I could transfer my account to and also invest the money to grow it.
11 May 2020 | 10 replies
There is an incredible volume of rules that will impact QBI reporting as it relates to losses, loss carryforwards, how they net against each other, what happens when losses are released.
8 May 2020 | 0 replies
The pandemic will affect the demand due to financial difficulties that every business is facing, but seems it may affect the supply side more (people may postpone to sell with a perception of a very slow market ahead) and this can somehow balance the overall impact of the pandemic to the sold prices.
10 May 2020 | 3 replies
It doesn't make money, BUT I do live essentially rent free and only need to save for Capex/Vacancy/maintenance, etc.
11 May 2020 | 14 replies
They governor of hawaii has essentially done the same here.