How is everyone feeling on buying now?
I am just getting my feet wet in real estate and I am curious to know what is everyone thinking regarding purchasing multi family investment properties now during a pandemic?
I’ve been reading and watching videos and it seems like many are leaning towards waiting to see what the markets do. I feel like market can be a bit difficult to time, and seems like many are selling properties to avoid a loss.
Would love to hear from more experienced investors on your opinion: Do you think now is a good time to invest for someone new to real estate or wait it out until 2021?
Thanks
Most Popular Reply
If you have run the numbers and it appears to be a good deal, then I would go for it. Desirable properties do not come up every day, and when they do, I always want to be ready. If I worried about timing the market, I would have never invested in real estate. Do your due diligence on the cash flow and expenses and analyze deals. Wishing you great success!