Multi-family properties in 2021

[Pedro C.]

We keep hearing that in 2021 real state investments will likely see a softening of the market. Because of it, we are facing a decision to either hold off on purchasing another property for now or move ahead and purchase another property anyway - Our goal has been to purchase and rent as a long term investment. If we choose to go ahead, we are wondering if the property value in less likely to be affected if the property is a multi-family unit. Or, if the softening of the market really does happen, would it affect both type of properties the same. Any insights are appreciated. 

Happy Holidays everybody!

[Jeffrey Allen]

@Pedro Carbajal-Madrid

If you’re buying and holding for long term cashflow, not sure what your concerned with if the deal meets your numbers. I would probability adjust your income at say 90% or 85% and see can you still make the cashflow you need for the deal to make sense. If so go. If the market softens more than 10/15% well, that’s just a bad beat that most investors will get hit on.