I have a lot of students that are real estate investors--that's their profession. Recently passed government programs aren't going to help most real estate investors, even though they are a critical part of the economy.The PPP stimulus is for people with employees, and the EIDL money won't arrive for a long time in many cases.
There are several things real estate investors should be doing to protect themselves. I did a full YouTube on what an owner of real estate can do to protect themselves and their property. The tenants are going to stop paying rent when they run out of money, so real estate investors might be in trouble.
How you own real estate will be critical. If things start to go south, you have to prevent the 2009 recession domino effect that wiped out--totally--a lot of real estate owners. The critical point is you must have done the legal planning before your whole empire starts to slide south. Once the slide has started it's too late, and the courts can simply come in and use fraudulent conveyance or fraudulent transfer laws to undo any
last minute planning, so now is a good time to get your legal ducks in a row.
Check out the YouTube for more explanation.
Lee Phillips, JD
