Invest now or wait and see?

[Richard Young]

I just sold my third fix and flip. I’m now sitting on 100k cash for investing. Looking to do brrr or fix and flips. My question is, with possibility of a recession/correction should I sit on my cash to see how everything unfolds. I am thinking that with the economy being shut down for so long that there will be opportunities to purchase good deals from people that have to give up theirs homes. Also worried that if I do purchase now my value will come crashing down and I’ll be stuck with an under valued property.

[Paul Shannon]

I can understand your thought process and feel similarly.  There's really not a right answer here.  There's also a lot of factors a play related to personal finance that only you know, ie risk tolerance, investment allocation, etc.  

I think if you buy right, no matter what's going on in the market, its a good time to buy. You mention BRRRR. If you buy an undervalued asset, do the rehab, and refi to get your money out, you'd want to be all-in at 75% of the appraisal value as a target. Do you think real estate prices will fall 25% percent in the next 6 months? I don't. Even if they did, you'd still have a property you could sell and get your money back.

Trying to time the market is not possible.  I'm pretty bearish, but still making offers.  Lowball and you may have to make a few more offers than normal.  You may hit a bullseye.