Either that or about being overleveraged and not having reserves.

I just closed today with an Army reserve who bought a beautiful home today and currently helping a Navy officer purchase a house hack; buy something that numerically makes sense and run with it.

If the federal government steps in to help solve the problem they inadvertently created with best intentions for the home owners, by allowing them to not make payments for 6 months (A forbearance) which is another way of saying default.

I can only go by their Facebook page which they purposefully left open for dialogue (they didn’t have to) I for one am happy that my May reservations and late April reservations are still on calendar.

If there are, I have enough reserves to cover substantial payment issues. 

I'm adding a 60-day conventional financing contingency to help ensure that we have plenty of time to do our due diligence and I have a safe cushion in reserves in case the tenants fall on hard times.

We have a lot of reservations on the calendar still despite the current state of the world, but I was curious what other local hosts were doing?

If you or you business is financially affected by the closures due to the covid-19 here is the resources that you can use to apply for 0% interest loans and/or grants form the city, state and federal government: http://www.pidcphila.com/covid-19#FUNDING%20&%20FINANCIAL%20ASSISTANCEI hope this helps anyone who is loosing income stream for the business. 

Our focus is now super clean deals, meaning, high credit scores, low LTV's, low DTI's, 3-4 month cash reserves, for all loans now.

You pay your mortgage which goes to a loan packager (you may have another name for them) then the loan packager pays the federal government (FHA & USDA loans).