All Forum Posts by: Stephen Keighery

Yes you should still keep your wholesaling business going, just adapt to the environment and follow all the health guidance. I agree with @Jahmai Nicome on trying to get inbound vs outbound. Those leads are hotter and you not going to get the negative of cold calling or texting during these times. I also think you should include information about how you are dealing with COVID-19 in your marketing so people know you are consious of this and it also looks like your marketing is fresh and current. I actually shot a simple video of me in a mask and gloves talking about how we are still buying houses in this crisis and how we have adopted our approach. I put this on my website along with a write up about our approach. By all means check it out and feel free to adapt this for your business - COVID-19 house buying information. I hope this helps. Stay safe but keep your business moving. 

 Thanks for sharing. Based on that I should receive $1,000 as listed myself as owner/employee. I wonder what their criteria for the credit report is? I still haven't got my payment so will have to wait and see. 

@Daniel Pessin ClearNow does automatic payments. The Tennant needs to have a checking account now. The good thing is that the system can report the payments on the Tennant's credit rating. The tenant needs opt in but it's good for people who want to build their credit and makes the rent payment being on time more important to them

Great news @Mindy Jensen I will join now.

I stayed at the one near Canal St several years ago. They are basically short term rentals. I think they may have been around pre-AirBnB days. I am not sure whether they own the properties, my guess would be they lease them or offer a managed service to the home owners. I don't see how they will remain relevant with AirBnB unless they use the platform and act as a management company. 

@Nick Rutkowski If people's borrowing capacity is reduced then people can't pay as much for properties. If the changes are significant it is highly likely that it flows through to property prices.

I agree @Bryan Beal. I had Corona and was bed ridden for 2 weeks but was not in any real danger and never went to hospital. My wife was only sick for 2 days and while my kids showed no signs of illness there is no way they didn't have it. The upside of this is I have had no symptoms for 2 weeks and feel fine now. I should have immunity and am not contagious so should be free to go about my business and get this economy moving again.

My 2 cents is that we have built lots of hospital capacity and should keep elderley and at risk people quarantined and let the rest of us get back to normal life. Once lots of us healthy people have had it and recovered it is not going to spread as easily as there aren't as many hosts. Now it will be safer for the at risk people. Don't let the cure be worse than the diseat

Yes NOREIA and Northshore REIA are both fantastic meetups. There is also one on the Westbank every quarter but I am unsure of the name of it.

I think there will be more opportunities in the coming months. I also think you you should never stop looking. I would raise the bar on your criteria for investing so that you are looking for better deals now. If you see that deal next week pull the trigger and if you don't stay on the sidelines and keep looking. If most people end up pausing and waiting you might find that now was the best time to invest. Particularly when you have a motivated seller who needs to sell now and you are the only person that is willing to do a deal with them.  

I think there will be in certain areas. Your goal of saving is a great start and over time if you keep building your knowledge you might find you have more options to do deals with less. Having the money saved will help open these options so start saving and keep learning. If you can afford to save more do it, again you are just opening more options for yourself.