117: Coronavirus Q&A with Scott & Mindy

BiggerPockets Money Podcast

Mar 23, 2020•1 hr 14 min•Ep. 117

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Episode description

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!

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