There are some Syndicators who have been on the sidelines for sometime waiting for a 'Correction' or at least relief on current Cap rates.

This process was key to providing relief to her and securing the acquisition for me.With a little clean up and minor repairs, my team will have this home available for a deserving family facing a different sort of life situation.

@Isaac El I definitely think the eviction moratorium will get extended but I also think some kind of rent relief program will also be in place nationally to bailout small landlords.

Another 427,609 applications for benefits were filed through a temporary federal-relief program that expires at the end of the year.

Always a relief when you can get boots on te ground, pictures, videos, etc. to ensure things are running smoothly.

Sellers were telling me I was in the wrong market because I trying to actually find deals.Landlords were hesitant on selling because they believed this is a short term down turn and people still believed in the "V recovery".As the clock keeps ticking as congress argue about relief packages tenants continue to fall behind on rent.

Many problems have arose because tenants have taken advantage of blanket relief that they do not require.

Does this relief mean 2021 will continue the RE bull run?

Hi Kyle, I just received an email from NAR(National Association of Realtors) stating that Congress just passed another COVID Relief Package and included the below info:-Provides $25 billion to the states through Sept. 30, 2022, for rental assistance and allows landlords to apply for funds on behalf of tenantsIncludes payments for rent in arrears as well as utilities and other expenses related to housingExtends federal eviction ban through the end of JanuaryIt is somewhat vague info, but something to look into in terms of applying on behalf of your tenants. 

In the meantime, the rent doesn't get paid (& there is no estate to pay), the lease term won't be over for a long time, and the eviction process won't provide relief in a timely manner.