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NC Executive Order 142 Eviction Moratorium
Hello, Wanted to hear opinions of this. I never thought something like this was possible. The Order’s evictions moratorium:
Is effective immediately and lasts for 3 weeks;Would prevent landlords from in...
Lloyd Segal
Economic Update (Monday, December 7, 2020)
Economic Update(Monday, December 7, 2020)
Everyone keeps asking when will Congress pass a new stimulus package that our economy so desperately needs? The good news is that Congress is once again considering severa...
Lloyd Segal
Economic Update (October 5, 2020)
Economic Update
(Monday, October 5, 2020)
The economic collapse sparked by the pandemic is triggering the most unequal recession in modern U.S. history, delivering only a mild setback for those at (or near) the...
Charles Barr
Buying a small hotel/motel in South Florida as 1st property
Background
I'm a new real estate investor in Miami Beach trying to buy my first property, preferably locally*. I could spend at least $500,000 in cash on a property myself, $1-20 million if I go into it with a family...
Lloyd Segal
Economic Update (Monday, Oct 19, 2020)
Economic Update
(Monday, October 19, 2020)
At its core, real estate is a people business, and being kind to people is a business approach that never goes wrong. Being kind builds a positive image. It earns trust...
Christine Sommer
Rentals during the past recession?
We were curious if anyone was a landlord during the 2008 market crash and wanted to hear what impact it had on their rental properties (vacancy rates, rental rates, etc.)
We know that this could potentially be a grea...
Nick Rutkowski
NY suspends mortgages for those in economic hardship
https://therealdeal.com/2020/03/19/cuomo-suspends-foreclosures-and-mortgage-payments/
What I gathered was if you fall on financial hardship and live in NY you can now ask your bank to modify your mortgage. You can ...
Tim Kaminski
Did I miss my shot? Lender cancelling Cash Out Refi
I started a cash out refinance right before the Coronavirus craziness happened and was told today that the lender wouldn't be able to close on it now due to my duplex investment property being a property type that the...
Danny T.
Rent Strike? Buzzfeed pushes irresponsible viewpoints
A Coronavirus Rent Strike Could Leave Renters Vulnerable
By:Caroline O'Donovan
https://www.buzzfeednews.com/article/carolineodonovan/coronavirus-rent-strike-risks-tenants
"A mortgage payment freeze would provid...
James Carlson
Will mortgage forbearance affect credit or loan qualification?
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...