First Rental Property in Baltimore Amid Quarantine

[Whitney Robert Caldwell]

I have finally evaluated 100 properties in Baltimore, MD! I can literally feel the adrenalin of turning my dreams into a reality. I have 60 more days to complete my first deal, as part of my 90 day challenge which ends in August. I've filtered 3 pricey properties from the stream that provide a 10-12% CoC ROI, which isn't bad for this market. My potential properties cater to two medical institutions in this vicinity. The people closest to me who are not REI are telling me now isn't the time due to he social distancing. But graduate, medical and nursing students will need a place to live off campus come the Fall. Considering I'm placing 90% of my savings into this first deal I wanted to ask the BP Nation... should I push the button or not.

[Matthew Paul]

@Whitney Robert Caldwell I am going say slow down a bit .  Six months ago things looked good . But with Covid the areas around the hospitals are no longer golden opportunities .

My wife works at "The" major hospital in Downtown Baltimore . A low 6 figure salary and HER job is in possible jepordy. They started the first round of furloughs , she needs to take off 1 day a week without pay , as do the other nurses in similar positions . This is affecting everyone from maintenance , janitorial , food service , medical assistants , nurses and even Doctors . This is unheard of in health care . The dynamics have changed , look hard before you leap