March 2020 Purchases. What’s your strategy?

[Jon Rusnak]

Hey BP - curious to hear from those who have closed or will close in the next two months.

What types of concerns / solutions are you projecting for your new property? Has your strategy changed? Do you find yourself asking different questions than you did when you first went under contract? How are you dealing with it? Are you still going to close or do you think you will back out?

I purchased an investment property this morning. It was is a long term hold and I intended to remodel the kitchen and two bathrooms prior to renting it out however given the COVID-19 concerns I’m considering renting it out as-is to students that may have lost their on campus housing. In my mind, if we as investors can help people along the way then we absolutely should! What obstacles / solutions have you considered?

Stay safe