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Updated almost 5 years ago,

User Stats

117
Posts
16
Votes
Juan Alvarez
  • Fort Worth, TX
16
Votes |
117
Posts

Bad time to hop in this market as a rookie?

Juan Alvarez
  • Fort Worth, TX
Posted

Hello,

My goal was to start looking at properties by either May or June. I’m looking into

House hacking my first go around, but with how the economy is shaping out I’m on the fence if I should start looking now since interest rates are decreasing and I’m assuming homes are being reduced as well. I really don’t know what the future holds, what if this virus and shutdown tends to drag on for a few more months.I really don’t know, If I should wait until the market recovers? My real concern is once I start house hacking that I won’t

Be able to find tenants that could afford rent and I’ll be stuck with the mortgage.

I live in the dallas Fort Worth area and I’m not seeing many reduced homes on trulia and Zillow but I’m sure properties there are some cheap properties on the mls. (Duplexes/condos).

Thank you, any advice will be appreciated.

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