23 March 2020 | 2 replies
If you can't refinance it, got to your lender now and get a 13-month term... as long as you possibly can so you have time to sort things out and find different exit strategies.
29 March 2020 | 29 replies
The worst thing for investors is uncertainty and that's what we're in the middle of right now.
28 March 2020 | 40 replies
But this is a lesson for everyone to be prepared for the worst in the future.
23 March 2020 | 7 replies
So that alone literally killed any sort of cashflow this property would generate; infact it put it in the negative.
24 March 2020 | 3 replies
It could be worth researching if there are any new, or alternative options for your financing because of the coronavirus because you may be able to qualify for a "relief" loan of sorts that could have better terms than what you're in right now.
24 March 2020 | 9 replies
Only 3 properties but to me it is important to have some cash aside just in case the worst possible events could happen.
15 April 2020 | 11 replies
Worst case look for temporary tenants to move in for the time being that way rent can cover some, if not all, of the holding costs.
25 March 2020 | 6 replies
Or - if you have some sort of online child support account portal - just login and print out your record of payments along with your account summary showing the balance owed is zero and the fact that you're all current.
13 April 2020 | 2 replies
I don't feel we are at the stage of needing any sort of a management company and this is my sole job right now so I've got the time to learn.
23 March 2020 | 2 replies
See if you can negotiate some sort of compromise if they kick-back, which would be understandable as well.Good luck!