@Brett GoldsmithWhat I want to do is find someone early in the foreclosure process - give them an offer and help them submit it to the bank's risk mitigation & help them show the bank they cannot repay. 

You can accept less rent for the moment and create a repayment plan with tenants that is reasonable for everyone.  

God gave you unique talents and earning power channeled the right way  watch out !! 

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

A couple of things I am keeping an eye on in New Zealand is what will happen when the wage subsidy ends and when the six months mortgage repayment holiday ends.

Hey guys - in a unique situation hereI bought a 2 bed - 1 bath house in KC, MO on an FHA 1.5 years ago, renovated, rented out for a year (got sent away for work after a few months), and just came back to add on to make it a 3 bed - 2 bath to finish the renovation before refinancing.The issue is that I just had to move back to the KC area temporarily (due to COVID - less than 6 months) and would like to stay in the home before moving back out to travel for work (renter just moved out).

@Marissa StallerThe uniqueness to house-hacking is that you purchased a property that is both an investment property and a personal residence.It is your responsibility to properly allocate the payments into 3 buckets.100% deductiblePartially deductiblenon-deductibleI.E.

@Clinton Davis do your tenants have good credit or any issues with repayment?

Hey,  this is my first post, and after many hours of listening to podcasts, and reading these forums i am looking for some feedback on my plan.The details:Single Door Property Purchased 2019: 325,000Property appraised at 345,000 at time of purchase.Renovated property into 2 doors.Longterm renter in one unit, second unit we used for Airbnb2 Partners invested in propertyPrivate lender at $200,000, at a 2% interest rate but set to a low amortization period so monthly payments are $2100The remaining amount is out of pocket by the two investorsThe Issue:Currently the property does not cashflow due to the high loan repayment plan, and the inconsistency/expense of the airbnb rentals (and COVID of course). 

Local distressed real estate agent called me and introduced me to the property, the property was being sold out of bankruptcy, so there were some unique factors.