Is now a good time to invest?

[Brayden James]

Late last year I set the goal of purchasing my first rental property this year (2020). I found a property in February and was about to start the process of purchasing it, but then COVID became a concern.

I’m still looking at properties and would like to purchase one soon. Specially 2-4 unit MF properties. But I am worried about people not being able to pay rent right now. Is that a legitimate concern I should have? Should I only purchase properties that have no tenants so I can properly screen new tenants that are able to pay rent? What are your thoughts BP?

Thanks,

Brayden