Gavin Newsom on Wednesday pushed for the rapid distribution of $2.6 billion in federal rent relief headed to California from the latest COVID-19 economic stimulus package.Newsom’s office said the funds will help both low-income Californians and small-scale landlords struggling financially from the pandemic.Read the full news release here: https://caanet.org/gov-newsom-urges-swift-distribution-of-federal-rent-reliefUnlike the stimulus money, if eligible, these funds will be paid directly to the landlord!

With a huge sellers market and restrictions/guidelines with COVID constantly changing, what kind of properties and investment strategies you are working on or on the lookout for?

A little background on myself: I'm a dental resident on Long Island, NY and I started to learn more about real estate investing in my spare time during COVID when I was seeing fewer patients.

I know if nothing related to COVID That prevents a landlord from raising the rent.

However I an highly motivated to do a short term rental purchase now, while the occupancy rates are high and Covid seems to be coming to an end. 

As you all know the mayor of Chicago continues to extend the covid mandate another 30 days every month.

The downside to these is that you will be paying much higher interests rates (normally >10%) so you want to get in and out with the rehab as fast as possible, which I'd imagine can be difficult during COVID where supply chains are all sorts of messed up. 

Hi Azeem,If it were mine on 04/20/2021 it would be Bye Bye, and I'd be financially (and with the Covid--have the supplies on hand) ready to turn the unit.

If you aren't happy with the one you are doing, maybe search for something else, but a w-2 job is very helpful, especially right now as we are still dealing with covid and eviction moratoriums, banks like to see a reliable income.

I remember doing some research on this last year, right after Covid hit, and I saw a lot of negative reviews when people were trying to get there money out of their accounts.