Underwriting advice during COVID19

[Steve Rugg]

Does anyone have deals that were put in escrow before the COVID stuff and are now either canceling or renegotiating? We have a good (not great) deal in escrow on a 40+ unit complex. It was a value-add opportunity, with a plan to do some interior rehabs, raise rents, lower expenses, and improve management, but now we are not so sure about those opportunities...at least in the short term.