Anyone else hesitant to start new deals?

[Naresh Maragh]

Hey everyone

I’m one of the newer real estate investors, I am about to close on a deal very shortly. My area is a great area to invest in, people are buying houses like no ones business. Appreciation is also going very well, also there’s a lot of external development going on as well. However I am a little hesitant to get into another deal right now ( as a flip) with the pandemic and all. I’m just not sure how the housing market will be hit but then again do we every really know.

Thanks for the input

[Nicole Holcomb]

Hi Naresh,

Welcome to BP, this is a fantastic community! I think there is a lot of uncertainty and speculation as to which direction the market is going to go in 2021 and beyond. With all of the uncertainty I think it is important to take it one deal at a time and do your due diligence. Make sure you have multiple exit strategies and strong reserves. If the market softens and your fix & flip is suddenly in the red, will it cash flow as a rental or can it become your primary? Have a plan B,C & D in place and uncertainty in the market will not feel so overwhelming.

Best of luck to you and be sure to update us!

Nicole