So we're staring at several months that are normally when our busy season start ramping up... and we have no income at all, and some substantial overhead (mostly in terms of mortgage payments)While we have even discussed turning these properties into LTRs, I fear that in the current climate in NYC, this is not the time period to start a LTR contract.The only idea that I've come up with so far, is to list the properties at a substantial discount for week-to-month long chunks, and to advertise through alternate sources like Craiglist.

Keep this in mind as affecting the risk climate.

I self-manage, and I would not show an occupied property in the current climate.

A partner and I discussed shifting our attention to large section-8 rental communities for the consistent income - anyone familiar with the space & barriers to entry? Thoughts?You are ALL Awesome

What would you do in this situation?I am an investor and Realtor in the south jersey area. I have my 7th rehab under contract and my current HML got a ridiculously low appraisal in, with comparables not even in the sa...

I’m conducting due diligence on the deal but with the current climate wonderful if there is additional risk I should consider?

I imagine it will be a little more difficult in the current climate, not sure how many investors in your state are actively buying.

Where do you see the mortgage climate going in the next couple of months.2) Would you back out of this deal, and forfeit $6,000?

Same got for "climate crisis".

Maybe it would be possible to negotiate the seller down more given the "current climate" so that way you have more equity if you did purchase it.