Baltimore and COVID 19

[Keenan Rusk]

I recently closed on a property in Belair-Edison that I planned to BRRRR just a few weeks before things started developing with the coronavirus. I had not begun the renovations yet and wonder if I should proceed or find another exit strategy given the current circumstances. Non-essential businesses are closing, I started thinking about what that means for contractors, appraisers, and even prospective tenants who need to enter the property. A few lenders I've reached out to are beginning to tighten up lending criteria and LTVs for refinancing.

Long term, I am not worried much. I am curious what other buy and hold investors in MD are seeing or making any adjustments to buying/selling behavior. 

[Doug Crenshaw]

Hello Keenan... Although I am not in the immediate area... Who am I kidding... I am not in your area at all!  RE Investing is ALWAYS a risk! I don't care if the cows come home, Corona is in the air, or if the stock market took a dump... It is all risky... Do what you do and have done and things will work out in the long run! As long as you are doing it right... Buy Right and Sell Right... 

After God created Adam and Eve... he stopped making dirt... He who buys the dirt is always the winner!