Covid-19 changes on multifamily market

[Kaustubh Deshpande]

For folks here, any thoughts on how the multi-family market coming to terms with the recent Coronavirus disruption? I was middle of a deal but not sure if I should wait it out at this point in time. A couple of interesting listings went off market over time due to this reason.

https://therealdeal.com/2020/03/20/coronavirus-cascade-how-covid-19-disruption-could-impact-multifamily-landlords-lenders/

[Lien Vuong]

I would you advise for you to revisit the terms in which where you found the deal to be most attractive and add in additional contingency plans and vacancy rates to make sure you're security your purchase. For example: if the property is vacant and need to be leased and it's typically 3-4 weeks to fill, add in another 4 weeks because people cannot leave their houses. That way you're cushioned and not walking away from a good deal and build some cash flow. 

Once things settle down there will be a lot of people out looking for inventory and what's available today will be gone. Bird in hand...