Losing could be catastrophic, derailing the legacy we are building for our grandkids.

You will need to start by clearly defining what exactly you want to accomplish.On one axis you have a severity scale - minor impact to our life, to catastrophic destruction. ( how bad can this thing really get?)

I thought making my first post on BiggerPockets, about the struggle and understanding how to correctly set up, structure and arrange the proper business entity necessary to undertake real estate wholesaling transactions virtually within the United States, while currently living abroad.As, the Covid-19 Catastrophe has made me reassess lifes’ purpose, helped me re-enroll into University to finish my degree in Business Administration, laid out a new career path for me and pushed me forward to do things differently I would be thankful for all the sound advice that can be given.

While I realized maybe a different lender would be willing to fund it anyway, the lender pointed out that it could potentially be catastrophic for me since apparently there are ways of delaying an eviction for a long time, not to mention the moratorium right now. 

The only thing that could change that would be some sort of an unpredictable catastrophic event.

I currently have a little over 200k cash to spend which is the most I have had yet but also leaves me with about 50k cash to cover about 6 months of expenses personal and investment should something catastrophic happen.

A layoff, an unexpected illness, a death in the family—any of these things could end up being a complete life destroying catastrophe.

That means in catastrophic situations like getting sued or filing bankruptcy, they can't touch your home.

I have a couple older real estate advisers and some own around 10-17 properties.They always stress business practices that guarantee their ROI…because they remember buying properties at 500-5,000 and really making huge profits by buying low and waiting years and years to sell…and they still kept buying expanding territories and moving underneath the radar not ever really knowing until the next world catastrophe would hit but always ready for whatever.Recently, one of them told me his company made so much the irs came in to even verify the legitimacy and he said he sat their while they went through every paper and receipt his wife of 30+years kept and they are still together to this day making big bank…the advice was, “Always find a way to work with government entities and always have your paperwork in order.” 

Aside from WW3 or some other catastrophic global crisis, it’s difficult to see how prices in Austin could fall significantly in 2022, despite the headwinds mentioned.