All Forum Posts by: Chris Eidson

following

@Jason Taliaferro

I agree with you.  Fortunes are made when people take a risk that the crowd fears.

@Deniz Eker

You can always negotiate.  The question is whether there is enough supply and demand.  I've purchased two out of state this week and negotiated them both.

@Andrew Zannotti

I really like Indy and have a good feel for the neighborhoods after spending some time there and making connections.  PM me and I can answer any questions you have.

@Sean Bizjack

You can PM me.  I am an investor who started with a few turnkeys out of state and have now done some of my own.  I would be happy to give you some learnings that I have had.

@Greg Yunov

I would agree with many of the comments above.  Understanding the market is more important than anything as well as knowing all of the potential pitfalls that may be glazed over or underestimated from a cost perspective.

@Mark Trebor

Thanks.  I saw that document and it was helpful for getting the ball rolling.  I'm most unclear about what types of economic losses may be covered under the EIDL.  To be honest, I'm not sure how this will shake out for most single family guys like me. I always show losses, so I don't know if I can really prove anything to qualify.  I just figured if I have some tenants miss rent and have ongoing expenses or repairs and general business expenses, I might as well apply for it, especially it is just the grant that would be forgiven.  I've given Uncle Sam plenty over the years.  It would be nice to be on the other side one time.

@Andy Mirza

Thanks for the valuable advice.  I am just wading into this area and I am learning so much from people like you.

@Andy Mirza

Thanks for the advice.  Some are owner occupants and based on your point about mid renovation, I think it would be smart to lean toward the owner occupant ones.  How would I be able to determine if the CFPB guidelines were followed?  The transactions were handled by a title attorney and a mortgage servicing company is handling the mortgage right now.

I applied for the emergency grant.  Just curious if anyone knows whether these loans/grants could be used to offset a capital loss if you sell a property at a discounted price due to the market situation?