Terms May Shift, Build Your Banking Relationships:4:18: Market shifts have moved rapidly in the last few weeks and banks may change their minds based on the information of today. This is whyThe way to approach your issue is to understand that it's going to happen. Now you understand why it is so important to build and then nourish your banking relationships.6:30: Every bank is different in the same way that every investor, every agent, every property, every seller is different. Other banks are still lending.Due Diligence During COVID-19:8:00: Always go through every single unit in an apartment complex. In the event of COVID, these procedures have changed, so make sure you have a clause in your contract to extend closing if you’re unable to complete your due diligence.  11:30: If you were considering or in the process of purchasing pre-Covid, don’t close post-Covid without additional due diligence. Ask yourself, “What if the residents in there no longer have jobs?”13:41: Renegotiate the price and retrade only if you need to.15:10: Negative cash flow is a losing proposition because there is no guarantee of appreciation. Especially iIn this market because of Covid-19 since there is possibly a guarantee of depreciation. You better be confident that the area is going to appreciate.17:30: If it isn’t cash flowing, can you fix it? Reduce utilities, add a bathroom and increase rent, etc.20:28: When a market crash happens, having cash reserves (1) makes you antifragile and (2) gives you the ability to jump onto future opportunities in a down market. 24:21 Never see your equity as cash reserves. Equity protects you from going down, but having cash reserves is what makes you antifragile.Will Coronavirus Kill BRRRR?:27:16: Remember that the market was already tight in a lot of markets going into COVID. We’re watching for what will happen to the supply of foreclosures once the courts open back up and start processing them again. Will that increase supply? Will demand change? This is what affects home prices.29:05: Bottom line is we don’t know. There were already signs of an impending recession to begin with last year. Home values were hurt the worst last recession and will probably not be hurt the worst in the next one.31:00: The general rule of thumb is when you're buying on the upslope, you want to be aggressive. When you're buying at the peak, you want to be careful. When you're buying on the trough and upslope, you want to be super aggressive.Books mentioned:Antifragile, by Nassim TalebConnect with the Good Stewards:Visit Our Website and SubscribeEmail | [email protected] | @TheGoodStewardsInstagram | @GoodStewardsPodcastFacebook | @GoodStewardsPodcast