Closing 2 properties in April

[Jeffrey Furtado]

Hi all, 

Long time RE investor and flipper in Canada (Ontario to be exact). Old enough to have started just around the recession of 2008/09. 

I have two properties closing at end of April and on May 1.

The first is a duplex -- which I could not back out of even if I wanted to. All is finalized. But given the world right now, this variable plays into my question.

The second is a five plex which i have until Friday April 3 to cancel due to finance clause, if I wanted to. 

I own other rentals properties as well. This variable is important.

I have large cash reserves, zero debt, along with numerous lines of credit and credit cards-- again, all at zero. Feel those variables are important to my question as well.

I realize only I can truly answer this question (but even us seasoned investors can have doubt, especially as this virus is a first -- well since about 1908-ish anyway) but i am curious to know if others would cancel the 5 plex purchase (or continue the purchase with confidence) given the obvious issues with the world right now.

Both properties cashflow, and all of my other properties cashflow (if tenants pay rent obviously) with the new 5plex cashflowing right around 2k per month. I am still employed and my career is executive.

I am 99% confident, but 1% still lingers.

Thanks all

Thanks.

[Ryan Martin]

I strongly believe that at this point you really do have the answer to your own question. You have the reserves if something were to go "wrong". the property will cashflow (provided you have tenants) and during this economy, cash flowing properties are going to be the only thing that keep you going.you still have your career meaning you still have income flowing in open your end. I feel like you know exactly what to do.