Note, EIDL loans are only available to businesses without access to credit elsewhere, such as existing lines of credit.Eligible industries include, but are not limited to, hotels, recreational facilities, manufacturers, sports vendors, owners of rental property, restaurants, retailers, travel agencies and wholesalers.

To some degree they understand the financial impact and crisis due covid-19 and the aftermath which will take many months to not only restore general public confidence before a vaccine is readily available, but mostly when the economy will ready for an upswing cycle.

@Luis VacaWe are currently receiving order on supplies and will renovate now through the rest of the year.Occupancy at purchase was just under 90%.There are several of the units we could rent but are beginning to renovate instead.The first 30-40 were renovated before we bought and rents we’re raised so we are confident in finishing basically where they left off.A partnership split opened this opportunity up to our group.

“As long as an area’s economy is adding jobs and seeing rising wages, there will be demand for ownership housing.”Essentially, as long as people are employed with companies doing well enough to offer wages, they’ll feel confident enough to make that 30-year commitment to a sizable mortgage debt.This confidence is bolstered further by low employment numbers—as people are reassured that even if they lose their current job, there’s a high probability that they’ll find another one in short orderhttps://www.homelight.com/blog...

My "main job" is in the travel industry, and that's going about as well as you'd expect at the moment.

I ended up buying a house I had never set foot in, and was so confident in his ability to spot the cause of some damage that looked worse than it was, that I was able to beat a bunch of other cash offers by removing the inspection contingency.

I'm a bit afraid of using a HELOC, but i think that's because I'm just not educated enough on things yet to be confident enough in my abilities to make it all work.

Feel those variables are important to my question as well.I realize only I can truly answer this question (but even us seasoned investors can have doubt, especially as this virus is a first -- well since about 1908-ish anyway) but i am curious to know if others would cancel the 5 plex purchase (or continue the purchase with confidence) given the obvious issues with the world right now.Both properties cashflow, and all of my other properties cashflow (if tenants pay rent obviously) with the new 5plex cashflowing right around 2k per month.

I am new to real estate but I think I've found a decent deal nearby, it is a 4 plex with all units currently rented (total rent about $2400/mo) they are asking $240k but I am confident I can talk them down to $225k or so, what would be the best options or advice you have on getting it financed in my current situation?

Once this travel restriction is over, I’ll be moving to Oak Harbor, Washington!