BiggerPockets Money Podcast

117: Coronavirus Q&A with Scott & Mindy


Listen Later

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
    • Learn more about your ad choices. Visit megaphone.fm/adchoices

      ...more
      View all episodesView all episodes
      Download on the App Store

      BiggerPockets Money PodcastBy BiggerPockets

      • 4.5
      • 4.5
      • 4.5
      • 4.5
      • 4.5

      4.5

      2,959 ratings


      More shows like BiggerPockets Money Podcast

      View all
      Afford Anything | Make Smart Money Choices by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

      Afford Anything | Make Smart Money Choices

      3,569 Listeners

      BiggerPockets Real Estate Podcast by BiggerPockets

      BiggerPockets Real Estate Podcast

      16,728 Listeners

      Money Guy Show by Brian Preston and Bo Hanson

      Money Guy Show

      3,268 Listeners

      The Stacking Benjamins Show by StackingBenjamins.com | Money Podcast | Cumulus Podcast Network

      The Stacking Benjamins Show

      1,997 Listeners

      Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

      Your Money, Your Wealth

      811 Listeners

      ChooseFI by ChooseFI

      ChooseFI

      5,154 Listeners

      Earn & Invest by Jordan Grumet (Doc G)

      Earn & Invest

      453 Listeners

      BiggerPockets Business Podcast by BiggerPockets

      BiggerPockets Business Podcast

      692 Listeners

      Real Estate Rookie by BiggerPockets

      Real Estate Rookie

      1,823 Listeners

      The Personal Finance Podcast by Andrew Giancola

      The Personal Finance Podcast

      1,433 Listeners

      BiggerPockets Daily by BiggerPockets

      BiggerPockets Daily

      319 Listeners

      PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

      PassivePockets: The Passive Real Estate Investing Show

      133 Listeners

      All the Hacks: Money, Points & Life by Chris Hutchins

      All the Hacks: Money, Points & Life

      1,622 Listeners

      Mile High FI Podcast by Doug Cunnington & Carl Jensen

      Mile High FI Podcast

      206 Listeners

      On The Market by BiggerPockets

      On The Market

      903 Listeners

      Catching Up to FI by Bill Yount & Jackie Cummings Koski

      Catching Up to FI

      354 Listeners

      The BetterLife Podcast by Brandon Turner and Cam Cathcart

      The BetterLife Podcast

      855 Listeners

      The David Greene Show by David Greene

      The David Greene Show

      706 Listeners