A newbie during COVID19
Hey BP! Im in the stage of
Investing in my education. I always hear how if you wait for the perfect time to invest, you will never make it happen, which makes perfect sense. However, given that I am a newbie do you think it would be wise to purchase a property with the whole COVID-19 situation going on? My niche is house hacking via multi-family properties. I am making sure that I am moving forward daily; ie. attending webinars, Podcast, Asking questions, and doing research on hard money lenders and investor friendly agents but I know the time needs to come to take action...Is it wise to make that time now? Or should I wait for this to blow over and just keep going hard on my education? I appreciate you guys. Thanks!
Most Popular Reply
I don't think the market is reflecting the situation yet. I think it will be 3-6mo or more until prices have adjusted. Right now people are still hopeful their properties will sell at full price, I don't see any deals yet.