Everybody is in this together and prepared to do whatever it takes to work through this so don’t worry you will not be loosing your property and do not deplete your reserves trying to make up any deficits.  

We let her loose with 0 penalties and will return her security deposit as well.

If I back out I’ll loose a $10000 Ernest deposit (sale price is 535,000 and I’m putting 20%)Advice please!!!

If one of our families looses their job and they make an effort to work (so many companies are hireing on the spot right now!)

I feel like he would be desperate enough to take this deal, otherwise, he would still loose the property with no cash.  

Anything you have to rehab right now, anything you need guys to show up and work on, should be a very big question mark in your portfolio right now.One of my buddies had a 10% hike on his loose lumber package, this was last Tuesday. 

@Russell Brazil I have till tomorrow to back out of the deal and not loose my edm, we have a mortgage contingency in place.

Some sellers will be agreeable due to the environment especially if they are staring to loose rents from struggling tenants. 

I ran numbers other day to make sure and at this time have enough cash set aside in business to cover all properties mortgage for 12 months just in case I loose all tenants. 

Formed a few loose partnerships to infuse cash as draws came due but all very profitable.2008-2009 we just kept buying, mainly foreclosures/tax lien auction opportunities, regardless of condition.