Advice for beginners looking to buy amid the pandemic

[Bryant Wischmeyer]

I have recently started educating myself in space of real estate investing. I have learned a lot from the biggerpockets forums, youtube, books, and podcasts. I am eager and motivated to begin my real estate journey. However uncertantity has started to take over amid this pandemic. I am looking for advice, as a beginner who has yet to buy their first property, on how things change amid an event like this. Should I be more strict in what qualifies a potential investment? Should I not look to buy at all right now? Or any other advice you think would help a begginer pertaining to investing during / after the pandemic. Hopefully this makes sense, thanks.

[Taylor Hudgins]

Hi @Bryant Wischmeyer!  Welcome to the BP Forums!   

I think it's still a great time to start, because you can learn from others who are going through this pandemic as well!  Everything is changing week to week so it's hard to tell what will happen for sure once this is over.  

Now may not be the best time to purchase a buy and hold due to the inability to evict BUT it may be a good time if you're open to purchasing a property to rent out to Section 8 Tenants which are paid through the government.  In our area, we're still seeing a lot of buyers purchasing homes if you're a flipper selling a vacant, rehabbed property.  Then there are other areas like Pennsylvania that have been on a solid shut down with extremely limited transactions over the last months.

Each situation is different - What kind of investment property are you looking to start with?