NewOrleansHomeBuyer
New Orleans Property Investor
I was really impressed with my banks in Australia. I called in to get assistance as New Orleans where I live is closed down and my business isn't generating revenue. They didn't give me any drama and just had a system to pause payments for anyone effected by Corona by 6 months. The interest will capitalize so it will increase the principal that I start repaying on but I thought this was a pretty good deal. I have 6 loans on 6 investment properties. So far the tenants are still paying the rent so without the note payments I will get some great cashflow through this hard period. Anyone else worked with their banks for Covid-19 assistance?
