IMPORTANT UPDATE ON EIDL MAXIMUM LOAN AMOUNTSGood evening BP,I have very unfortunate first hand knowledge from the SBA & Treasury:The EIDL Max loan amount will be reduced for all EIDL loans to $15,000.

This morning I set down and made a list of all of my mortgage payments and what I can reduce rents to for every property, so, that I can still pay my mortgages and give relief to my tenants. 

With all that is happening right now, I'm looking at reducing my down payment, so I need to go over my numbers again.

I did have a tenant call me about about reduced work.  

Actually Paul the state is the one with the energy building codes, in particular CA Title 24 2019 standards that just went into effect January 1.

I have enough assets to purchase my target US properties in full cash, but that would significantly reduce my purchasing power and defeats the core benefit of any RE investment, leverage.Your opinions are appreciated, thank you.Scott

I mentioned that I think it's going to get worse and drag on, which will reduce prices.

I expect to come out of this with significantly reduced net worth.

Then ask what they have done to reduce expenses.

You may be able to at least reduce your cost of living, and also benefit from the appreciation and equity pay down on the whole asset.