Once the smoke clears, any tenant that has failed to pay rent will be subject to the unpaid balance, including late fees and any other applicable penalties.

Real Estates taxes of property that is purely held for investment such as vacant land or a long term rental that is not in service may continue to be deducted on Schedule A subject to the 10k limit on state and local taxes. 

There are also ways to partner in your IRAs, ESAs, HsaS, 401ks, SEPs, SIMPLEs , etc.There is jumpstarting your Ira with a wholesale deal, a “subject to”, or owner financing, Have you considered buying discounted notes? 

Thank you, everyone, for the input.I actually got in touch with the bank and the helped me to find the parts of the contract that outlines possible freezes.Now I know that is the property is worth less than 120% of the loan, then it may trigger the freeze.

This is the time we need to prepare,plan and protect our selves, our families, our friends and those in our community that may need help in the ensuing months and years.This next year or so will define us for the next decade from finances, health, politics and real estate.I am preparing a website that will outline some of the steps we need to take to protect our properties right now.

I am interested in buying it outright or take it subject to the existing financing if you were affected by Covid 19 ...This will start happening by July at the earliest.

These amounts are subject to reduction if the individual’s Adjusted Gross Income (AGI) exceeds $75,000 ($150,000 for a married couple).

My initial plan was to begin building a rental portfolio via buy and hold and BRRRR strategy; however, given our current situation with COVID 19 and probable downturn in the economy (no matter how slight or severe people may think it will be) I'm strongly considering pivoting my focus to purchasing properties via "Subject To" and/or seller financing.

You likely won't be able to take title to the land with a lien on it unless you did some kind of "subject to" deal, but I don't think that's even feasible.My opinion, see if you can get it separated from the rest of the mortgage, if you can't then just go find more land.

Any Investors in Quebec Area using this strategy ?