The good news is that we are 92% in cash as we prepare for some large purchases in the coming months.

The good news is that we are 92% in cash as we prepare for some large purchases in the coming months.

Their profit margin is the difference between their HELOC rate, and the rate they are charging you (+ fees).Almost all HELOCs are adjustable rate mortgages, with their rates tied via a round-a-bout way to the federal funds rate (the thing that just dropped to 0%).

@Mitch Messer  People's reaction will vary, but it doesn't help if all they are doing is sitting at home watching the news who continue to report on anything about the coronavirus and nothing else. 

I suggest you and everyone else that might wonder why this is a serious safety issue read it.https://deltaplumbingatlanta.com/news/the-danger-sewer-gases-present-in-your-homeHere is one quote from the link for anyone that won't bother to read it:"Gases that originate in your home’s sewer system can lead to explosions in the house as well as asphyxiation and even death for anyone inside."

Great news. 

Buy something that works well today and can work well tomorrow if the market drops.

@Mark Miles great to see ANYTHING thats not bad news.

If you know that the hard money loan is going to only loan 85% of the purchase price would you figure 15% down drop down tab when doing the brrrrr method or leave that out of the equation?

I heard a news report this morning that a lot of restaurants have converted their wait staff to delivery drivers, affording the clientele the ability to still eat their restaurant food and keeping the staff employed.I don't know, maybe I'm being unrealistic but I feel that this is going to be a temporary situation that will resolve itself in 3-4 months... assuming all the drastic measures to mitigate the spread of the virus are effective.