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Updated over 4 years ago,

User Stats

314
Posts
95
Votes
Brandon Carlson
  • Real Estate Consultant
  • Glendora, CA
95
Votes |
314
Posts

What is your prediction for multi-family homes in SoCal?

Brandon Carlson
  • Real Estate Consultant
  • Glendora, CA
Posted

Hi BP fam

The past month I've been thinking of purchasing a second property, multi-family to be specific. When acquiring on multiple properties, I've noticed a pattern, listing agents shared that owners haven't been able to collect rent from tenants due to COVID-19 and they have begun the eviction process.

With COVID getting worst by the day in SoCal, do you think it would be wise for me to wait a few more months to pull the trigger on a property?

I believe owners, who are mostly absentee, will want to cash-out and may sell their property at a discount. 


What are your thoughts?? 

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