There’s something in it for everyone. The federal government approved a $2 trillion dollar virus relief package last week called the CARES Act. That stands for “Coronavirus Aid, Relief, and Economic Security.” The legislation is almost 900 pages long so it’s not a quick read, but details are emerging on what’s inside. And, there is help for people in the real estate industry including real estate investors and landlords.
I want to talk about the CARES Act, but first, I’d like to mention another big announcement on Monday, March 30th.
The U.S. Department of Homeland Security issued an advisory that said real estate should be considered an essential business.