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Updated over 3 years ago on . Most recent reply

Cheryl S.'s profile image
Cheryl S.'s profile image
Cheryl S.
  • Accountant
  • from New Hanover, NJ
  • Member since Dec 1, 2020
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Cheryl S.'s profile image
Cheryl S.'s profile image
Cheryl S.
  • Accountant
  • from New Hanover, NJ
  • Member since Dec 1, 2020
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Cheryl S.
  • Accountant
  • New Hanover, NJ
11
Votes |
35
Posts
Starting Out

Is it now a good time to purchase rental properties?

Cheryl S.
  • Accountant
  • New Hanover, NJ
Posted

Given that Eviction Moratorium is extended to Oct 2021 and probably will continue to be extending due to the Delta variant spreading, curious if this is a good time for REI newbies to purchase a rental property. I am a bit concerned about the eviction problems, and would love to get others' view on this.

  • Cheryl S.
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    Cody Neumann's profile image
    Cody Neumann's profile image
    Cody Neumann
    • Rental Property Investor
    • from Surprise, AZ
    • Member since Jan 10, 2020
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    Cody Neumann's profile image
    Cody Neumann's profile image
    Cody Neumann
    • Rental Property Investor
    • from Surprise, AZ
    • Member since Jan 10, 2020
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    Cody Neumann
    • Rental Property Investor
    • Surprise, AZ
    179
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    Cody Neumann
    • Rental Property Investor
    • Surprise, AZ
    Replied

    @Cheryl S.

    It is always a good time to buy as long as you buy right and understand what you are doing. If you are able to find a BRRRR deal that you can pull most or all of your money out of and still cash flows go for it.

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