Should I wait until Spring 2021 to get into Real Estate?

[Ron Skoletsky]

My wife and I are new to real estate investing (other than our own home). Our plan was to purchase a single-family home (or condo/townhouse) already in good shape to rent, for our first purchase and get our feet wet. The BP calculator shows about a 10% 5-year annualized return for some condo's we're looking at. We'd be very happy with that ROI since who knows what's going to happen with the stock market and this is a way to diversify. But I've seen info online saying that we could be in for an RE market correction due to evictions coming (probably in 2021) and recession-caused foreclosures, also probably in 2021. Given the current conditions, would you all recommend waiting at least until the Spring 2021 before purchasing our first rental property?

Thanks in advance,

Ron

[Jonathan Barr]

just need be more conservative with expenses and rent prices during this time.  Maybe you under-price the rental little bit to get a better tenant in.   The tenant that feels like they are getting a good deal will stay longer. Less turnover means ultimately more cash in your pocket.