., you call the tenants back, explain to them that you are not allowed not to pay your mortgage, property tax, insurance, and utility bills and advise them to call 311 as the city of Chicago has a program to help the people affected by the Virus.

Has anyone found a good program that a RE Investor can utilize from the government or banks.... with the current programs out their due to the CoronaVirus?

what loan program are you basing this percent on? 

I have also suggested that they apply for the SBA disaster loan program so they can cover rent and payroll.  

Yes, it’s still a seller’s market.Depending on who you ask, it’s either a return to normal and everything is going to be great again, or the last gasp at the top of a market cycle before the unemployment/stimulus runs out.Nearly everyone agrees that taxes are going to have to go up to pay for all of the government rescue programs.What kind of taxes and how it affects RE remains to be seen, but it’s not usually good - particularly if they target 1031 exchanges, alter the RE depreciation schedules, eliminate the 25K loss that can be taken against ordinary income, etc.Similarly, we won’t know the effects of the mortgage forbearance programs, and eviction suspensions in some states, until later this year.But for right now, yes, things still look pretty good out there (if you’re selling, anyway).

@India Brown You should definitely have a short list of VIP buyers that get a phone call first if you have something that you know meets their criteria.

Drive for dollars, get a program that can help filter specific properties (if you want to virtual wholesale or not drive around a lot), skip trace home owners, and start calling folks.

While not listed now due to the pandemic, there are some additional free workshops that are not specific to the HCV / Section8 program for things like appliance and HVAC maintenance/repair.

Also if you're a  first time homebuyer there are some great loan programs in Bedstuy depending on down payment.   

Unless you have a teaching hospital with a residency program or a nursing internship program, there usually isn't a huge influx of staff at one specific time of the year.