Under contract during Covid19

[Vernon Chiu]

Under contract for a property and was extremely happy. Now with the COVID19 situation and the world turning upside down, I am questioning if I should pursue and put $150k for the down payment. DD is up end of this week. Money has already been spent on inspection, elevation certificate, bank fees, an appraisal, etc.

Now with the possibility of rents not coming in, it is making me question the purchase. Should I just cut my losses and say it was simply the cost of doing business (the expenses listed above) or pursue? I was much more certain about this property a month ago. With the stocks, panic and potential loss of rental payments, I'm not as certain.

Anyone else in this current situation? What are your thoughts on the matter?