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Updated almost 5 years ago on . Most recent reply

User Stats

59
Posts
24
Votes
Evelyn Castillo
  • Homestead, Fl
24
Votes |
59
Posts

A newbie during COVID19

Evelyn Castillo
  • Homestead, Fl
Posted

Hey BP! Im in the stage of

Investing in my education. I always hear how if you wait for the perfect time to invest, you will never make it happen, which makes perfect sense. However, given that I am a newbie do you think it would be wise to purchase a property with the whole COVID-19 situation going on? My niche is house hacking via multi-family properties. I am making sure that I am moving forward daily; ie. attending webinars, Podcast, Asking questions, and doing research on hard money lenders and investor friendly agents but I know the time needs to come to take action...Is it wise to make that time now? Or should I wait for this to blow over and just keep going hard on my education? I appreciate you guys. Thanks! 

Most Popular Reply

User Stats

149
Posts
57
Votes
Steve Smithy
  • Boston, MA
57
Votes |
149
Posts
Steve Smithy
  • Boston, MA
Replied

I don't think the market is reflecting the situation yet.  I think it will be 3-6mo or more until prices have adjusted.  Right now people are still hopeful their properties will sell at full price, I don't see any deals yet.

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