I don’t think you’ll find a loan (all commercial loans at that size) that will let you officially owner occupy this thing.

@Sean Banilivy I would suggest Kansas City and the rest of the Midwest.

Its not an official moratorium but as far as I can tell, effectively does delay any court proceeding like this.

I could hardly contain my excitement, as I officially embarked on my flipper journey.

What they dont realize is its the FED buying and propping up the entire world.Real Estate has not really budged much in price [in most areas and it takes a long time to move the needle], its in a suspended animation phase, after a couple of months its either going to break out and get back to somewhat normal [like the rest of the world] or its going to crash downwards through to a level we have never seen. 

to me there are credit lines and then there are credit lines.IE the vast majority have a heloc on their personal home or maybe a rental.. with a credit union local bank big bank etc.then you have credit Lines that are unsecured for business purposes .I have not heard of credit lines being frozen yet.. but I sure saw it a ton in the GFC.. and very few folks that get them on their personal resi or a rental.. actually read the fine print and therefor are shocked when they go to access their heloc for this deal they want and its frozen.our facilities are on one year terms with a mandatory 30 day rest per 12 months.. its been that way for me for 20 some years LOL.. mine are unsecured and of decent size i am not talking 50 to 100k..

It is also a perfect time to convert USD to local currency and pay my contractors for the rest of the project at this discounted price.

For the rest, it’s clear that no one should feel obligated to host or travel if they don’t feel comfortable right now.

I can probably get off market deals via Fb ads, but I would think I had to pay for their attorney or someone to come up with a contract so it can be official and I can officially assign it to a cash buyer.

The trigger event may change but the rest does not.