For one, they could decide it's not worth the risk to take the new job and move because they might get laid off due to a recession.Second, they might be able to do the job remotely.Most Americans just haven't been hit yet but it's just a matter of time because we don't have a vaccine, this virus spreads quickly and, in many cases, people never know they have it.But while you're in a bad situation, people don't understand that it could get worse and fast.

-if prices do not rebound we will need a plan beyond that and it will not be pretty-this can and will hit the rental market in a variety of ways and here are a few potential issues i see.1. higher end rentals could see prices drop or vacancies increase as this type of downturn could hit middle to upper income families that have not budgeted or who see their jobs or incomes decrease as companies tighten their belts and cut salaries or even lay off more folks.2. low income rentals would see more evictions and more late rent payments and potentially small decreases in price - while many of the low income families in town do not work for the oil and gas industry they do often work in service industries that are frequented by oil and gas folks or depend on programs that are subsidized by oil and gas money in our state budget. 3. property prices and values - prices are being driven up on investment properties mostly by out of state investors as there are very few areas where you can get a "decent" property for under 100k and we are still one of them. 

When it comes to mortgage refinances, it's a seller's market right now. 2018 when rates had just hit 7 year highs? 

This last said that she has cancer, but when she opened the door, it was pure nicotine! 

Use an on-line mortgage calculator to figure out the details, see amortization tables, and understand how turning one knob changes another.A better SFR example is one that costs $95k and rents for $950/month (hits the 1% rule).$950:  GSR$48:    Vacancy (5%)$143:  Repairs and CapEx (15% combined)$95:    Management (10%)$50:    Insurance$50:    Property Taxes$374:  Debt Service (20% down, 4.25%, 30-year)   =$191/month cash flow (12% CoC ROI on DP)Now imagine this is a quadplex with lower per-unit costs and some efficiencies of scale (a few more expenses, too).

Hi all, While everyone is worried with the covid, Philadelphia market hitting new February high. 

I have a portfolio of over 110 properties, and unless it is a commercial or portfolio lender /asset and experienced-based loan, I have always had my credit hit. 

So far we see about 25% of our resident base at the most risk of income interruption, which could be a hit to our income but hopefully not devastating, especially if we can stay ahead of it.We are also initiating refinancing some assets to take advantage of the attractive interest rates!  

Yes, the panic has hit.

AirBNB's are getting hit hard with cancellations (myself included) however I predict I will re-fill those dates once the hysteria dies down.