She quickly said, "okay, lets cut to the chase here," and agreed to do a loan modification at 4%, drop the balloon and refinance for another 30 years, which dropped my payments roughly $170 per month, while also saving me tens of thousands on my loan over the years.I thought, hmmmm, why not ask again, so I contacted Steve who also held a loan at 4.75% with 18 years still owed, and got him to drop down to the same 4% just refinancing the 28 year term, which dropped the payment $70 per month.

I’m sure that 3rd party collections company got a decent cut of the collected amount, something the management company could have gotten on first attempt.

In my opinion, the rehab was a bit overkill (and took way too long) but now have learned and will make sure to cut costs where ever possible on our next project to protect our bottom line.

Only do this if you don't mind having all your funds tied up in one property for a while.

Just considering the options above, if you go delayed financing you'd still need to go to a bank that will qualify you otherwise you're money will be tied up in the property.

Then we have a lot of tree cutting groups taking down Ash trees, we watched 8 guys taking down 5 trees at the neighbors home & the only guy isolated was up in the lift.

I have to take a 30% salary cut this year.

I assume the longer lending is cut off the lower housing prices will go.

They are referring to the excess business loss limitations under 461(l) which was encacted under the tax cuts and jobs act.

Under the statute, tax exempt entities are also able to take advantage of this credit.However, this credit is not available to employers receiving a Small Business Interruption Loan under section 1102 of the Act or if a Work Opportunity Tax Credit is allowed for the employee.PAYROLL TAX HOLIDAYThere is a deferral of the employer’s share of payroll taxes for the period beginning on the date of enactment to January 1, pursuant to an SBA loan 7A or under Act section 1109.NET OPERATING LOSSESThe law suspends rules relating to Net Operating Losses instituted under the Tax Cuts and Jobs Act (TCJA).