Covid Covid Covid, it's over, right? We are all sick of talking about it.
Pun totally intended there!
But it's not over. Many homeowners are still feeling the burn of the tenant relief moratorium. Whether we agreed with it or not it's like grabbing a glass of wine and bellying up to the dinner table preparing for an argument over religion. So, let's stay focused here. Landlords are the topic today. Homeowners who have not received rental income for their properties over an extended period of time is the equivalent of ALL your investments you've started since college tanking at once; worse yet they're forced to keep paying for these investments. For some, real estate was all they ever worked for. It's their retirement plan, their only monthly income, their children’s' legacy. But now they are facing foreclosure, delinquent taxes (and we all know IRS wins here), lengthy eviction battles, being forced to sell or ALL of the above. The gift of Covid keeps on givin’! If you're a realtor, you know these issues are coming up more and more as the market has shifted below our feet. Your Seller clients are asking for help, and you may or may not know what to do. So, you think "Well, I know some cash buyers that keep texting looking for off market properties." But how to approach an investor with this terrible situation you're about to pitch? And will they consider my Seller too? Two Words: Creative Financing, Creative ways to sell properties are going to be virtually the only way to walk away with a win / win situation between investors and your dear Sellers. When looking for cash offers for your clients, let's chat first! Creative financing may be exactly what you are looking for to help your sellers avoid losing it all!
