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Updated almost 5 years ago on . Most recent reply

User Stats

21
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14
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Maurice E. Stokes Jr
  • New to Real Estate
  • Washington, DC
14
Votes |
21
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Ready to buy, but should I wait?

Maurice E. Stokes Jr
  • New to Real Estate
  • Washington, DC
Posted

Im in position to buy my first investment property. With the virus issues just starting to heat up Im now wondering am I starting out at the beginning of a bad time to enter the market? This will be my first Investment so this subject is only adding to my already beginner anxieties. Any professional advice on should I wait a bit to see if this gets worse and maybe run into better deals down the line or jump on the opportunities at my door step now? Im in the Baltimore Maryland region.

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30,090
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,090
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17,436
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

@Maurice E. Stokes Jr

If it wasnt the virus, it would be the bombing in Iran. If it wasnt the bombing, it would be the oil war between Saudi Arabia and Russia. If it wasnt that, it would be something else.

There is always uncertainty in the market. Real estate is a long game. Times of fear drive rates lower. If everything was hunky doory like a couple months ago, youd be paying the same price but at a higher interest rate.

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