Are you ready for the “opportunity”

[Sam Josh]

As an investor do you think the current COVID-19 crisis & its aftermath will create an unprecedented opportunity to expand your real estate portfolio? If not why not?

The common theory is people “wait” for a crash but when it comes, they are unable to act because of fear or lack of liquidity or often both.

Along those lines, How are you feeling, Fearful or opportunistic? If it’s the latter, are you resourced/ready to take advantage.

[Evan Polaski]

@Sam Josh, @Joe Villeneuve is correct.  If you are investing in fundamentals, cash flows and forced appreciation you will be doing deals regardless of the economy.  If you try to time the market you will miss a lot of opportunities.

I think pricing will come down, but not greatly.  There is still a lot of demand and a lot of capital chasing deals.  But the "mom and pop" investors who read one book that said you can become a millionaire with real estate, then watched a few flip or flop episodes, and further enforced that this is easy money with almost no risk.  They will lose some money and never come back, thereby lowering some of that demand, and thereby prices will drop a little bit.