2020-21 stratgy with recent price appreciation

[Tuan Tran]

Hello,

I'm currently evaluating whether to acquire another rental property (in DFW market) and the numbers appear to be working (~8% CoC ROI) However, I'm seeing multiple bids on properties that I'm looking at and it's harder to find "good deals". Also in the area, but can be applied to other markets as well, there are pending layoffs/furloughs from top 10 large employers that may disrupt the market. I feel confident that the market will return once a vaccine or another effective treatment is available, but concern that the near term events could push prices and rent down.

With the recent price appreciation in markets due to less inventory and the current economic environment.  What is your current position or strategy?

Thanks,

tt