Mike A.
Loss of rent / income insurance - response from insurance company
I messaged my agent and asked if tenants are unable to pay and evictions are stayed, can I request loss of rent assistance from the insurance policy. Here was her response:"In any shutdown due to a scare or pandemic o...
Will F.
CARES Act Resources for Real Estate Investors and Property Owners
It seems that a lot of the government's response has been to 'pass the buck' to landlords instead of equally distributing any hardship. Remember 'tough times don't last...tough people do.' I'm letting this whole vi...
Matthew Nicholson
Help! What if I can't sell my flip during the virus?
I am looking for insight into exit strategies on a single family 3/2 flipped house in Portland 21 days on the market. The pre Covid-19 ARV was projected to be ~400K. The property has a hard money loan of $235K at 10...
Ken Latchers
Car Insurance COVID discounts...NOT
I deluded myself into thinking that the car insurance companies were doing us a solid by discounting our policies. Progressive said it would be 20%.
stupid me. I just got an email that it will be 20% of April and 20...
Ryan Keenan
Commercial lending/ loan to cost/ speed?
Hey BP need to help here on the topic of the brrr specifically the refinance part. I've called all the local banks , credit unions in my area and some! And they all tell me if they are not shut down due to the Corona ...
Account Closed
First REI property, but recent events has me a bit spooked
Hey BP! Very grateful for the wealth of information available for me on these forums and linked information scattered around. Happy to finally be diving in after a month of studious research and equipping myself with ...
Anita Ahuja
One republic change to 30% down
Holy cow! We were in escrow with the sale of our SF condo when the coronavirus hit. We just signed our closing docs when we found out that One Republic is changing it’s terms and is telling the buyer ( buyer is buyin...
Jimmy Wen
Lost rent due to coronavirus - what financial aid can I get?
Hi all,
I recently bought a duplex but couldn't find any tenants due to the Coronavirus epidemic. What type of financial aid am I eligible for? For example, would I be eligible to apply for SBA loan?
Best,
Jimmy Wen
Dan Theman
Coronavirus entry form for FSBO seller in California?
Hi, I am selling my property on my own. I am not a RE agent. If I cannot use C.A.R.'s "PEAD" form is there something else i can use or do i need to write my own ?thanks
Eli M.
Lender's Commitment Letter
Dear BP family,
Once I have a commitment letter from the bank for 60 days, can the bank cancel the refinance deal or can they change terms due to the current coronavirus situation?
Thank you all in advance,
Eli M