Sooo who has applied for any of the new grants/loans that are available to real estate professionals? What did you apply for? Starting to get lots of spam emails on options so I'm curious what others have done.
|Learn about how the CARES Act can help Real Estate Agents|
In our ongoing efforts to support Real Estate Agents during this challenging time, we thought it would be helpful to share some information about the recently passed CARES Act and how it may benefit you.
How much Commission did you make in the months of Feb, Mar, Apr, May and June last year? You may be eligible to receive 250% of that income via the CARES Act.
Not yet. I'm talking to my local lender and waiting for the paperwork.
One question I haven't found an answer for: do I use a combination of salary and commission to calculate eligibility? I have six full-time employees but my wife's income is 80% sales. Do I calculate an average monthly income using all our income (salary and commissions), and then multiply by 250%?
Great questions. I'm hoping we can all collaborate on this and get some educated answers.
Lots of folks I know are working on their SBA disaster loan applications. I am probably not going to apply, but it says its available for almost everyone.