Business:Investing
Today, Scott and Mindy discuss the biggest news story of the century: Coronavirus or COVID-19.
This episode covers a wide range of topics both money and real estate -- with a guest spot from Brandon Turner, who answers the number one question on every real estate investor’s mind: What do I do if my tenant(s) can’t pay rent?
You'll also learn what resources are available for people whose incomes have taken a hit, and get answers to questions such as: should I continue with the purchase of a property I have under contract, and should I continue to pay down debt or take advantage of this current market?
These are scary times, and it can be easy to cut and run or throw out your carefully-laid plans in favor of an instinctive reaction. So now is a good time to detach, assess your options, and chart a course forward.
If you have Coronavirus fears, you’re not alone. Scott, Mindy, and the entire BiggerPockets Money Community are here to help you weather this storm.
In This Episode We Cover:
- How to invest from a position of strength
- How to tackle debt during this time
- How to do a "financial reset"
- What the 4 Percent Rule is in Financial Independence
- Brandon's tip when tenants don't pay rent
- What practical things can landlord do in these times
- How to take advantage of the current situation
- List of resources for those who are out of work
- BiggerPockets reminders that you should consider
- And SO much more!
Links from the Show
- BiggerPockets Money Podcast 116
- BiggerPockets Money Facebook Group
- BiggerPockets Investments Calculator
- BiggerPockets Podcast 374
- BiggerPockets Podcast 364
- BiggerPockets Real Estate Podcast
- BiggerPockets Money Podcast 70
- BiggerPockets Money Podcast 55
- BiggerPockets Money Podcast 55.5
- BiggerPockets Money Podcast 114
- BiggerPockets Money Podcast 85
- Mr. Money Mustache
- How The 4% Rule Holds Up A Quarter-Century Later - Forbes
- Real Estate Rookie
- COVID-19 Financial Resources: Relief To Those Impacted - iHeartBudgets
- 197 Emergency Financial Assistance Resources (National & by Major City) - Frugal Confessions
- 50 immediate hire work from home jobs near me (2020) - Mrs Daaku Studio
- BiggerPockets Forums
- The BiggerPockets Book Store
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