Traditional lenders are going to be in a tough spot for the next few months.

Traditional lending has their own kind of criteria. 

Some people will still be able to pay rent - those that can work at home, those on subsidies, those who hustle to take advantage of new opportunitites when their traditional work dries up.I would offer rent relief. 

On the way home, he took me to a bookstore and I bought myself a copy of Rich Dad, Poor Dad by Robert Kiyosaki. 

What’s the typical LTV on a hard money loan (ballpark as I know it’s case specific) If it is a cash only property do people use hard money and then refinance with traditional financing after rehabbed and stabilized?

If I purchase a home for $50,000 using a traditional mortgage and I spend $15,000 cash in repairs and the ARV is $125,000.

I know there are a few options that replace collecting a traditional security deposit.

@Rich Hupper @Rod HanksThanks for the replies.

Given the recent event and my current read, Rich Dads Guide to Investing ..

I'm finally getting around to reading the acclaimed 'Rich Dad, Poor Dad' book, as everyone always recommends it.