Newcomer looking to generate passive income

[Widny Fegond]

Hi, I am a young newbie looking to generate passive income through real estate investing. I've been reading some books on this topic, but I am having trouble making the next step. I live in New York, and the market is too high to be profitable. So out of state real estate investing is the best option for me, I have narrow my search to Durham, NC, Fort Worth, TX, and Pittsburgh, PA.  I need advice on information about these areas. Also, I know a couple of people that are still working and decided not to pay there monthly rent due to the coronavirus crisis. My question is if it is a good idea to buy a rental property now or wait until this crisis blows over. 

[Jeremy Taggart]

@Widny Fegond Stuff still seems to be moving here in PIttsburgh, and we aren't even allowed to show houses. So I'm not too worried about it. People are still leasing apartments too. Things are starting to ease back open here so hopefully this will be somewhat back to normal by June. If anything I've seen some investors go to the sidelines so that could mean less competition for deals. Rental demand could even go up if banks start increasing their lending standards, which a lot have been doing already. You can't go wrong with buy and hold in any market conditions as long as it cash flows and you do proper tenant screening when filling the units.