I started a Partnership with some friends and relatives who mainly are Stock Market Investors.The purpose of the Partnership, in this case an LLC, was to purchase a $1.5 Million 3 Family in Brooklyn, All Cash.3 months ago I told everyone to pull out their cash in the Stock Market.They completed their stock sales a few weeks ahead of the Market falling off the cliff.I then closed on the 3 Family at a very good Price, collected a $40k buyer's commission as I am also the Buyer Broker, and just finished renting the 3 Units, signing the last apt lease in a few days, getting approximately $6k per month in Cash Flow for the 1st year.Not only that, I am securing an Investment HELOC at a 50% LTV, so roughly $750k, which I can use to investing in the Stock Market.I had already anticipated the fall of the Market as the inevitable Corporate Tax breaks had to wear off eventually.There just isn't enough consumers that benefited, in my opinion, therefore Corporate Revenues cannot increase and profits has to either stabilize as the max Corporate Tax breaks levels off.Really, only one way to go.I am anticipating the decline to last for a while.As an Trader, however, I will eventually buy long term growth stocks but also hedge it with PUTs in case I get in a bit too early.My friends and relatives are ecstatic as they probably saved a decline in their net worth by as much as a $1 Million.BTW, there is an old saying, "It is easier to make the 1st Million than it is to keep the 1st Million."

So if the shutdown continues for many months, I'm not sure how/if there's any way to collect for previously missed payments.PM me if you want a copy of the letter I received.

The mortgage notes itself is a form of protection as there is little to collect if no equity. 

They had been signing lease extension with the previous owner for several years.

On top of that collect an application fee from the tenant to cover your background check cost.Collect a non refundable deposit prior to move in.

The $15K in costs to relocate your tenant may be covered by your insurance policy and you should still be collecting rent during this time.

Purchase price: $65,000 Cash invested: $29,000 Extensive rehab in Underhill Park area What made you interested in investing in this type of deal?

Again for the time involved it is extensive.

I have nothing invested at all and if the loan goes to term I will collect $155,136.)

Account Closed I have 2 partners with me and the business and I was trying to avoid giving up equity at the moment as most of the people interested really just wanted to collect a little extra spending money on their investments.