Hi all,I saw the need to have muItiple sources of income after Covid hit and saw mass layoffs around the country.

I was convinced that COVID-19 would send home prices to the moon and also create enough buying opportunity with all the layoffs.

A big part of Bakersfield's economy is oil, and layoffs have already started.  

It is easy to lay off workers in an event like this (not saying this in a bad way) but companies will be very cautious rehiring them afterwards.

As corporate taxes increase, regulation and cost increases, companies will have to reduce cost and layoff workers.

But things could change fast especially once the eviction moratorium hits or if layoffs increase.

:@John ParkDearest tenant lay off the ganja and be sure to have the rent money come the first of the month .

They are only one lay-off or a car problem from missing their rent.  

We don't know how many sectors are going to be hit hard (hospitals are laying healthcare workers off) and if you are relying on another job's income to cover your issues (like when the place doesn't have a tenant, when you underestimate costs, when someone trashes your place, you have a large dollar repair that is needed, you have to hire an attorney for an eviction or a lawsuit) instead of a healthy amount of cash or liquid assets; that could really rock your finances when a lay-off happens at the same time an expected one-time hit comes (those things above happen - and never at a good time).I wouldn't take on debt for additional real estate investment unless you had at least 6 months of your monthly expenses (all those debt payments) in the bank and don't touch it. 

It is a FACT most in the base-line level, which is the biggest segment on layoff's, are receiving MORE via the UI $600 bonus on top of IU benefits, or the $1,200 per person payout, and how ever more payouts to come.