My base case assumption is that there will be no vaccine until 2021Q2Unemployment doesn't improve in time the 2nd wave hits and remains over 10%... consumption erodes (70% of GDP is consumption spending)Corporate defaults lead to further economic weakening Commercial real estate (office/retail/hospitality) suffers as borrowers can't refinance or sell at their expectationsClass-A multifamily suffers in markets with a lot of supply.

I think the commercial sector as a whole is about to suffer big-time.

If I need to extend the note, can it be at the same terms?  

Elsewhere, the strong do what they want and the weak suffer what they must.

You may start to see the odd lender putting terms in the contract that you have to wait at least 6 months to refi… this would be for the one purpose of eliminating the new blend and extend strategy to eliminate the IRD penalty for breaking a mortgage term.

There is an infinite number of ways to do this, but I would recommend blending and extending.

Great property for House Hackers, Business Owners or Extended families wanting space and proximity. 

Improvements have a much greater impact on the value of your property than repairs, and they are calculated quite differently when it comes to filing your taxes.The IRS defines repairs as those that “do not add significant value to the property or extend its life.”You can deduct improvements made on your property, however, you cannot deduct the full value of the improvement in the year the improvement occurred.

The deadline to identify a new property for the 1031 was extended to July 15th!

It never happened and we got our large deposit back w/o extending the contract ....I personally think all sellers should be responsible for doing a title search BEFORE listing there homes...This way the buyer isn’t wasting time waiting 3-4 weeks to find out there’s a problem with there deed...The buyer and seller can split the bill but at least they have answers with-in a week of signing p/s