In lean times tighten your belt you will learn so much and have so many opportunities when things get better.

Your $2400 4 bed could easily go empty as belt-tightening consumers/tenants move down to a perfectly fine $1400 3 bed.  

Although these types of loans may be tougher to get now, as the lending market is tightening, it never hurts to call several banks to find out.

I am getting started in wholesaling and I see COVID-19 as an opportunity to find and reach motivated sellers with everybody inside their homes and perhaps facing financial strain.

Right now im seeing a tightening of lending criteria.

With the market being affected by COVID-19, lending as a whole has tightened up, and most due diligence-related businesses have shut their doors. 

@Michael Ohara I have noticed that loan restrictions are tightening up this week with larger institutions like CHASE and BofA. 

I know we can expect most traditional lending restrictions to tighten (as JP Morgan just did) but could not find much info on how FHA changes, onlu that in the last recession they raised the PMI rate.Basically, I want to know if:A.

I searched for a location that had a demand for housing (vacancies are a strain) and where the monthly expenses were lower than the income. 

I hear lenders are tightening qualifications for non-fed backed financing options, so things will be getting interesting here again shortly.Pandemic aside, I’d like to hear some creative options for getting good rates as a 1st time buyer.Hypothetically, I’m looking to buy 4 units in Southern California for $1,000,000.