I was looking to buy my first fix and flip property just as the pandemic started and the economy tanked.

This is part of why I chose a lower LTV was to keep positive cash flow while still enabling me to pull out 19k to keep as reserves for the property which has proven especially important with the onset of the COVID-19 pandemic.

**In light of the current worldwide pandemic, lenders have become really tough on cash out refis though so be careful.

But going for multi-family might not be a good option right now as there is still pandemic and we do not know when it will be in an okay situation.

Bozeman is doing really well through this virus.https://www.bozemandailychronicle.com/coronavirus/bozeman-housing-market-continues-climb-despite-pandemic/article_afd1e701-128b-589f-9ca3-6df22ea5e81d.html

I would wait it out a little bit until this COVID-19 pandemic settles down a little bit.

Investment Info:

Single-family residence fix & flip investment in Raeford.

Purchase price: $107,000

Cash invested: $35,000

Sale price: $163,500

The Hottest House . 30+ showings in 48 hours, ...

The tenant just called and said she is now going to move out on May 15th and wants me to pay her $500 worth of moving expenses that she is “all of a sudden and unexpectedly incurring during a pandemic”.

Like many of you, I have been holding cash sitting on the sideline waiting for opportunities in this pandemic.

He does a really nice job of benchmarking the economic impacts of this pandemic compared to past recessions/depressions. https://youtu.be/N-SG-n-C5IEDoes anyone think buying Multifamily in 2020 will be a good strategy for financial growth?