In 2019, we have a far more robust and sustainable system under external, temporary duress.

Good news is this is a temporary situation.

As an SBA professional I wanted to make you all aware that the SBA has a long standing policy to allow for loan deferments to handle temporary cash flow disruptions, which the Covid19 event qualifies as.This pertains to all borrowers who have an existing SBA 7a, 504 or Microloan.Loan deferment can be done unilaterally by your lender.

Hi Lena,There are rent assistance programs offered by government and non profit organizations.For example, for DuPage county IL, I copied this from one website I found just by googling it:Emergency Rent & Mortgage Assistance People's Resource Center (PRC) offers emergency rent and mortgage assistance to qualifying clients who are unable to pay rent or make a security deposit due to a temporary financial crisis.

Any other big purchases in the near future as refinancing could cause a temporary drop in your credit score. 

I'm relatively new to the real estate investment market and am curious about a situation.I have been told recently that there might be a situation wherein the county or state can pass a law (could be temporary) saying tenants don't have to pay rent and still can live in the house in exceptional situations, may like the current COVED19 outbreak.

This is temporary.

I heard a news report this morning that a lot of restaurants have converted their wait staff to delivery drivers, affording the clientele the ability to still eat their restaurant food and keeping the staff employed.I don't know, maybe I'm being unrealistic but I feel that this is going to be a temporary situation that will resolve itself in 3-4 months... assuming all the drastic measures to mitigate the spread of the virus are effective.

For some of us, this may mean temporary loss of employment, or a reduction in income.We stand with you during these times, and it is imperative to work together to get through them smoothly, taking each other's needs into consideration and embracing a team effort to overcome the potential effects of this experience.We are committed to coming out of this with each of our tenants and their families in the same position as we are now.

Although I believe this is temporary it is definitely worth monitoring if you are considering purchasing some properties.