All Forum Posts by: Kishore P.

 Ty @ Ron S.

Your state National Association of Realtors (NAR) are on top of these laws. Check their website for more questions and answers. If you are a Realtor/Agent you have access to the updates. Hope this helps

You may have a recourse, if you have a OHIO Realtor/Agent License you could reach out to your the MLS Board, they typically have a lawyer on retainer. Reach out to your MLS Board anyways your city/township belongs to, they may help you.

Hope this helps !

Hello:

How can the new buyer on #Self #Storage assume a #Commercial #Loan? With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank as scheduled per the original Mortage

How can the new buyer do a wrap (#subject to) with the #first #lien for the underlying mortgage where as the Seller equity is in the second position?

Investors in the Residential space are known to assume Loans and use creative ways to do a warp with the underlying mortgage when the seller has equity.

Pl, leave your constructive thoughts and comments looking for #Commercial Lender who could help with a phone # so I can follow up.

Thank You

Best Regards

Kishore P

This news is interesting given that the Pheonix market is super hot. We can only articulate Why? #Zillow has decided to dump its home inventory in this MSA. The following are a few that comes to mind:

(1) Holding cost/s to fix these properties far outweigh the profit the company was going to make after rehab.

(2) The turnaround time to fix these properties is untenable due to the shortage of labor costs.

(3) The inflated acquisition price, coupled with an extensive long lead time of raw material have exasperated the new supply of new housing inventory.

(4) Institutional investors are selling/bailing because of the sentiment of https://tinyurl.com/Shoeshineboyindicator.

(5) And last but not least, the AI algorithm has taken into account the above parameters and predicted a bearish outlook for the subject housing market segment.

With all of the above in play, what? is the average person/investor to do:

(a) first not participate in speculation of prices and (b) brace for stagflation-that comes with a price correction of the housing market/s and the debt market in the coming mid-term time frame. #realestate #financeandeconomy #ai #housing, @Business Insider

https://www.businessinsider.com/zillow-offers-ibuyer-sell-phoenix-homes-at-a-loss-2021-10

So What? are the ramifications of the eviction, the local city/State could still ban evictions, Boston Mayor did just that.

1. Will the evictions process clog the court's system? - Very likely, because everything and everyone is working remotely

2. Will the Landlords be made whole again? How? can they recoup the rents due to them, very likely by the Stimulus bill.

3. Those renters who bailed without paying rent will likely declare bankruptcy.

In the final analysis, the victims are small mom/pop landlords and MF Cos. who will have to liquidate the Real Estate assets to protect themselves from bleeding furthering the crisis of liquidity in that Real Estate Class. It's really tragic the unintended consequences of the eviction ban has caused a lot of chaos for both the renters and the landlords.

@Jeff S. I Appreciate your time in responding to my post as well as elaborating on your explanation.

I have additional follow-up questions if I may, If I'm funding a flip my equity share $ 50 K (Rehab) would be approx 27 % of the Project. Whereas the equity of the GC is $ 180K, ie., 78 %. I don't understand how? the 50-50 JV work in this scenario. Pl. explain

Thank You

Best Regards

@Drew Sygit: Appreciate your response and have you worked with them in the past?

It's great to learn about your project in Belize. I'm happy for you that things are shaping out as you had. Continued Success to your Henry.