Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on .

User Stats

58
Posts
25
Votes
Pratap Koppula
  • Accountant
  • Los Angeles
25
Votes |
58
Posts

COVID 19 - Payment Extensions

Pratap Koppula
  • Accountant
  • Los Angeles
Posted

As the Nation is going through a pandemic situation and when the people are sitting at home, and if not in a situation to make the rental payment on first of the month, your automated payment installment is at risk.

We hope if you are not sufficiently planned for the reserves, this is truly a hardship situation and you can request your banker to suspend the payments until things get better on COVID-19.

The US Govt has declared a small business revival with $350 Bn plan, mostly to help small businesses with payroll, however no specific directives yet on small business loans that are impacted by COVID-19. Please be safe and hope things get’s better soon.