Investment Advise - do it now or wait ?

[Gary B.]

Hello Fellow Investors,

I just have a 15 unit deal locked down at 6% CAP in Yuba City before COVID-19 havoc struck this week. What would you advise if this good time to buy or wait till more till economy comes down further, if it will ?

Thanks,  Gary

[Bjorn Ahlblad]

@Gary B.A 14 unit came on in my area Sunday, it went under contract yesterday; on the market one day. It was a dog in my estimation; 97 years old and looked all of 150 someone else saw it differently. So people are definitely buying. If something came on in that size range that met my criteria I would go for it.

Hard to say if next month, or next July, is better than today. Do your due diligence and if it still meets your goals you'll have to decide. One thing I would say is definitely don't compromise. All the best!