I don't see a point in keeping all that equity tied up when you can borrow on it for around 4% right now.

Only conventional loans under government guidelines are required to allow borrowers mortgage extension.For any borrower who heard from from a servicer that they don’t have to pay and they will not be marked as late. — The borrower needs to understand other terminologies used by servicers reporting to credit bureaus, such as “Paid not as agreed” etc.

To borrow a quote from my partner: There is no bad real estate just bad terms.

So this doesn't apply to people who have a w2 job and do this also, at least not the unemployment part.The money is a loan that has to be paid back.Heloq and cash out refis are probably as cheap at 3.75% these days.So if someone was a PM doing vacation rentals it would help them or if someone wanted to borrow money and go in debt or further in debt this would help them.I wonder what qualifications the SBA will require to borrow this money and what the length of the loan would be?

Some main differences from 2008 and now is that the banks and government have a better playbook towork from to keep people in their homes, most of the loans involved borrowers that could actually afford their loans, and the big buyers of distressed debt from the last cycle are getting ready to handle whatever scenario we end up with.Just my opinion :)

Delinquent borrowers living pay-check to pay-check will not be able to catch up.

Delinquent borrowers living pay-check to pay-check will not be able to catch up.

Delinquent borrowers living pay-check to pay-check will not be able to catch up.

Owning rentals involves volatility in cash flows, if the investors can’t figure out the best way to deal with COVID-19 while paying all their bills, then they don’t deserve to have rentals. 2 - There are options available to Investors: They can always put it on a credit card, which really already has a payment plan set up for them with their terms... an investor can quite literally just pay the minimum until they get back on their feet, not suggesting anyone just make the minimum on a CC but that is an option, just like it is an option to put food, utilities and anything else on a credit card, investments are no different. 3 - There are loans available to Investors: Applying for temporary or unsecured loans to make ends meet are available and even more so now - and before anyone says you won't qualify - there's only one person to blame for getting yourself overleveraged in some vanity fueled quest to reach x number of doors and yes... a CC is a type of loan when used - so if you have a CC... you can access to borrowed funds with a re-payment system. 4 - Why does an investor have to own their current rentals?

I figure they can borrow from parents (both have active parents in their lives) and/or if they get a stimulus check, they should be able to cover rent.