Think Phoenix, Austin, Tampa, Las Vegas. . .the same markets that overheated during the pandemic surge.For borrowers with low down payments and rapid appreciation expectations, a 3–5% dip in value can erase equity fast.Negative equity isn’t a nationwide story, it’s a localized one.

Sorry to hear that but what I can tell you is think of lending as buying soda - at the end of the day it typically flows to the top 2 or 3 major companies. the same is private lending, it goes to apollo, blackstone and a few others.

Literally 90 days total entry to exit and investor made like 40k. 

If you used that cash as 20% DP funds, that same cash (and same equity) would be worth $800k in PV...not JUST $160k. 

If not, tell him you need X days' notice (whatever the lease says or the local laws) and you will do your best to find a new tenant.

Use a 10-day notice if it continuesIf the mess continues, then yes—a 10-day “cure or quit” notice is next.

@Account Closed you haven't shared why you're looking to network.If you're hoping to network with agens & PMCs to have them feed you offmarket properties and other types of "deals", you're just one-of-a-million to them.We get inquires almost every day from OOS investors looking to invest in Detroit.For FREE these investors expect us to:- Drop everything else we're doing and focus on what they want- Spend hours on the phone with them TEACHING them how to invest- Spend hours finding deals for them- At this stage, many NEVER want to make an offer, just want to see better deals or they just disappear- Find lenders for them- and on and on and onSo, right or wrong, it's no wonder many in the industry ignore communications from investors.Recommend you network in person and be respectful of their time.

I will upgrade to QBO in the future for my Businesses, due to my knowledge of it, then one day I may have more industry specific Bookkeeping Software for Real Estate but we will see.  

-Roughly 98% of the $3M balance comes from administrative “paperwork” violations, with fines of $500 per day, per item, plus compounding interest rates that no private-sector party is legally allowed to charge.

I had a tenant who was transferred days after arrival and left.