It is a simple fact of real estate investing that cash is needed to get deals done. Yet, cash always seems to be in short supply. For many individual investors, one of the most logical places to find it is in the equity of their primary residence.
On March 11th, the World Health Organization declared the Coronavirus to be a worldwide pandemic. Community spread of the virus is increasing, creating “hot zones” in New York, California, and Washington state. Financial markets are reeling, fear is rising, the sudden economic shock is likely to have lasting consequences, and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, says it is going to get worse.