California Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
What is your prediction for multi-family homes in SoCal?
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??