Should contractor still be working on the rehab during pandemic?

[Stephen Kunen]

For those of you who are in the middle of a rehab project, are you still letting your contractors work on the project? In our case, there are no more than 5 people working there at the same time. If not, can we request the lender (specially a hard money lender) to extend the term of the loan? We are in Allentown, Pennsylvania.

[Bill Kramer]

I'm not stopping. As long as home depot is open, I'm headed to work. It's not that I am desperate for $ or work, but the utilities dont want to hear how you cant pay, or the credit card companies, etc...housing may be giving a break on mortgages/rent but no one else is.

Also, I learned this lesson painting apartments. You keep that cash flowing at all costs, because once you stop that train it takes a while to get it moving again.

If we get a shelter in place order, go ahead and try to enforce it...Bath doctor offers sanitary services, so boom I'm in the critical field and leave me alone.

This should come as a blessing to penny pinching landlords, there's ALOT of factory workers out of work now, so cheap labor is plentiful. That's my only concern, now I am bidding against these guys and losing work (already lost 2 major remodels) because these clowns are coming in at 25% of my prices. Sorry, I'm not gonna work for $10/hr before taxes like those guys.

So I'm gonna make as much as I can before losing too much money to these idiots who are happy with a $400/wk cash payday to supplement their unemployment benefits.

Shameless plug: I am always looking for more work, help me hire these guys so I dont have to compete against them haha.