In an effort to relieve pressure on 1031 timelines while much of the country is shut down and lenders are focused on processing thousands of loans initiated under the CARES Act, the IRS has temporarily altered the requirements to meet its standard.
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Selling an Apartment Building FAQ’s
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If You’re Hesitant To Hire A Broker For Your Multifamily Property Read This
The most important benefit of exclusively listing your property with a broker is representation.
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Should I Sell or Should I Hold? When is the best time for asset repositioning?
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Continue readingLandlords who seek forbearance can’t evict tenants, charge late fees or issue negative credit reports for those who fail to pay rent.
All told, 90% of renters made full or partial payments from April 1-12, 2019, compared with 91% of renters in March 1-12, 2020, according to the NMHC. That is a payment rate of 93% compared to the same time last month.
Fiscal Stimulus and Investor Considerations
1031 exchanges, investors who have to either identify or close on a property between April 1 and July 15 now have until July 15.
A pandemic might qualify as an “Act of God,” but that will depend on the answer to several questions, including, but not limited to: