On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees.

Additionally, if you are going to finance the property you will have a personal guarantee either way, and often taking title and financing in your name versus LLC can save you on interest expense.If you need to raise money or have a partner, then an LLC becomes much more important, if you have your own cash, it is optional.As mentioned, the type of product you are looking at can help us provide you with more assistance. 

@Steve Karpinski hire the buyer’s wife as an office assistant and give her a commitment letter.

On the private lending side, I would expect that private or hard-money lenders should be equally accommodating by offering either an Interest Only (IO) period or a deferral period....BUT you have to be candid with them as to your situation and state what you're specifically asking for in terms of assistance.

We all have deals held up by some lenders others are seeking opportunities to place capital and assist borrowers.

Good luck and let me know if I can be of assistance. 

Most of that was from over-leveraged properties such as the house owed $405K that was now only worth $180K and not federally backed so I couldn't take advantage of the assistance programs.  

And it will for sure give you a lot of reps and practice in deal making.  3) Alternatively, if you are handy or willing to learn to be handy I'd see if there are any local contractors who need assistance. 

I've found regardless of bank/lender size all of our lenders have been very open to assisting us in minimizing or deferring payments until the Coronavirus pandemic subsides.  

Can anyone recommend an attorney in the Sacramento area that can assist with setting up an LLC?