It makes sense to be ready if the supposed drop in prices and massive forecasts for foreclosures are true.

It means there is going to be massive opportunity but there are some definite landmines you will need to learn how to navigate and become a prepared and informed buyer before taking the leap.

I remember a very smart "guru" in the multifamily space told me in 2015 "Travis, we're not going to do any more deals for the foreseeable future, because I believe 2016 will be a MASSIVE meltdown in the economy and stock market".

The SE Austin / SE Travis County area is ripe for massive growth over the next decade. 

There are massive benefits to him as you might be willing to pay more than someone outside. 

Foundation issues, massive infestations (roaches, bees, you name it), rent set at thousands of dollars below the surrounding market (we haven't had a single vacancy during the pandemic because our prices are recession proof...but also operate on permanent recession profits...), and he rents almost 80% of his units to section 8 tenants. 

But the name of the game is skate to where the puck is going....this market seems to have a vibe of affordable housing, space, yard, single family, etc... in my opinion Not sure about NY, but Cleveland has pockets of massive appreciation.Tremont, Lakewood, Ohio city - all neighborhoods of 2x-4x appreciation over 7-10 year horizon..... not sure now as I never had the stomach for the risk/reward.I always operate in the same market since I’m a high velocity flipper and deals exist all over the Midwest key is building relationships and trust in your market.

It's definitely not the kind of place you could force massive amounts of appreciation into, but it fits such a textbook case of househacking that I wanted to talk about it.

“Since the Legislature passed House Bill 4213, thousands of people have been displaced by massive and devastating wildfires, and the global pandemic continues to make it difficult for many Oregonians, including Oregon’s veterans and many families with children, to pay rent, through no fault of their own.” 

Unless you are into serious gaming or need a massive hard drive, don't over think it.