1 May 2020 | 2 replies
1) Owner has been filing chapter 13 bankruptcy to avoid losing her home so no mortgage- there is a lien on the home2) behind 21k on property taxes3) needs minor repairs and updating maybe 8k ARV: 90K Rents: 1200Mortgage owed when she filed for brupcy: 45k left on loan.
5 May 2020 | 9 replies
If you need a furnace, or a rental turnover because the tenants didn't take care of the unit, you will lose money for the whole year.
5 May 2020 | 3 replies
They can still foreclose, and if you don’t either work something out or pay them in full, you’d lose the property.
1 May 2020 | 14 replies
We are going to lose a lot of comrades.
7 May 2020 | 17 replies
There is an environment or there are people around you that you believe you will lose if you are successful.
3 May 2020 | 11 replies
Or should I wait to pull out cash later but may lose some of the equity if properties drop?
1 May 2020 | 6 replies
If either tenant loses their job and suddenly can't pay rent, and you can't evict because of the moratorium, then that would cause an issue.
25 May 2020 | 25 replies
Sadly we did lose a retired couple booked May 1st for our Florida home as the wife has apparently contracted Covid-19, but another qualified couple immediately jumped in, & we fully refunded their deposit.Given a choice PM's may be looking at the 'essential worker' monicker from now on but hopefully this pandemic is a one-shot phenomena, at least for a few more years.
8 May 2020 | 48 replies
Real Estate is harder to lose money in (because of illiquid assets).
20 May 2020 | 15 replies
While any company wants to make each customer feel like they are their only client, the reality is there is a limited amount of resources you can commit to a client before you start losing money on them.BTW - if your PM is doing such a great job, why are you worried about "live" data?