Newbie Investor During Corona Virus Pandemic

[Bryndon Bush]

Hello BP world, I've been doing my research and studying the real estate industry for more than half a year now and I'm 100% certain that my strategy of acquiring my first investment property will be a house hack. I also know what I'm looking for in a property in regards to what type of property, the location, cash flow, bed/bath, etc. But because of the corona virus pandemic, the volatility of the the economy/markets, the mortgage/lender world being a little shaky, and the near future of the real estate market being so unknown, I'm a little wary if I should be looking heavily into acquiring a property during this time. I've spoken with a couple of local real estate agents, lenders, and a very seasoned investor, and most leaned towards "window shopping" for properties until the pandemic dwindles down and the economy is back stable. But they've also told me that its never a bad time to get into real estate which I would agree to, especially during a time when it seems that mortgage rates are very low. 

As a 23-year-old newbie investor looking for his first investment property and who has never felt the impact of a market crash or recession before (except when my parents cut down our expenses during the 2008 crisis), I'm unsure if I should be taking action or not. So my question for you all is should I start looking heavily into acquiring my first property, even during the duration of the pandemic, or should I keep window shopping and educating myself during this time?