Trying to figure out the covid-19 bailout..

With the passage of the CARES Act and the payroll protection program, the federal government is setting aside funds for the Small Business Administration for banks to loan up to 2.5 times your average payroll for the trailing 12 months.

Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.If you work in the Gig Economy, are a 1099 worker, a 1 person business, independent contractor, work for hire, self-employed, you are eligible for a payroll protection loan, along with any business with less than 500 employees.

If I'm correct, the PPP will give me about $30,000 in free money to pay eight weeks of payroll, mortgage, and utilities. 

Hi Sam, I think you are mixing up the two SBA loan programs available right now.The PPP loan program for payroll is administered by banks who will likely make money, yes.

When we hit that tipping point, the role of the appraiser will be obsolete (at least for standard appraisals in the beginning, and more sophisticated and bespoke scenarios over time).

I work for a family office in Manhattan with $300MM+ in assets, I can tell you, successful sophisticated Landlords and the larger real estate companies who own hundreds of millions of dollars worth of residential and commercial real estate are not sending e-mails to their tenants offering rent abatements or discounts right out the gate.

I could spend at least $500,000 in cash on a property myself, $1-20 million if I go into it with a family member who's interested in being a passive investor, and I'm fairly sophisticated in terms of general investing know-how (financial modeling, Buffett-style value investing, general MBA stuff, etc.).

I have also suggested that they apply for the SBA disaster loan program so they can cover rent and payroll.  

In the past we were a disqualified industry.I know we can get the 10k disaster grant/loan or payroll protection loan but I'm referring to a full doc loan where the SBA guarantees to the lender 85% of the principal of the loan.Does anyone know anything about that?