As painful as this is.. this is a wake up call to buy and hold investors that reserves are a MUST not just something to gloss over.. if you never use them that's great but if you need them you don't have to panic.In one thread a person was talking to their lender.. and the lender said well U should be stacking cash so you can pay your mortgage and you should put off capital improvements..

I imagine this will blow over in a couple weeks and things will go back to normal for most.

One of the biggest wake up calls I had was with my first property and first tenant, walking into the house after she moved in to look at a couple small repairs that I missed in my rehab when I bought. 

Whenever things return to semi-normal, I expect a surge of pent up listing inventory that is similarly met with pent up buyer demand in Austin.

Up here, I am hearing from closing attorneys that no cities are performing water readings, smoke inspections, etc... and appraisers and home inspectors are not moving either...I can only imagine the Housing Authority...I would generally plan on at lease 1 months elapsed time with a Section 8 tenant under NORMAL conditions. 

I'm scheduling closings as normal in Illinois but essentially only the buyer and buyers attorney should be there.

While there's lots of fear with volatility I can't help but to think that isn't this when we make more money than normal?

We are all in this together.....whatever that means.

Many people advocate working with the middle class.  One lady said she will request tenant give her all they have and she will then work it out.  Thats drug deal...

We think it is important to look at Denver real estate  in 5 day increments since corona virus became real (I'm saying March 12th, which is when the NCAA canceled the tournament.)GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan.$800-$1.2Mdown from 5 day increments before, but not significantly and a small data set

Stop playing by rules in a normal economy.Please look up the word MULLIGAN.