@Nicolas NuvanFrom what I heard from several people, is NYC prices dropped during the pandemic bc everyone moved out and moved to suburbs.

@Cresentia BuesgensI can’t recommend anyone because I’m on the opposite side of the country, but the manufacturer I’ve used for 15 years is 7-9 weeks now, rather than the pre-pandemic time of 12 days delivered to my door or job site.

Purchase price: $175,000 Sale price: $320,000 Allegheny St Sw was my first real estate flip after becoming interested in the industry in 2013, 6yrs later.We had 'contractor' issues which meant that we lost 4 months of productivity and we ended up listing in February 2020, the beginning of the pandemic and lockdowns in Atlanta.We did some things right and some things wrong, and although there were extremely stressful moments, this was one of the most fulfilling, rewarding and fun things that I have ever done.On to the next 100!

However, prices are still well above pre-pandemic levels.How does Austin compare to other major US metros during this shift in market conditions?

I am very curious how everyone has been handling the pandemic and if it has affected your rentals?

@Chad Hale interesting... thanks, it seems like both are very hands off and can run with coins as well.I put a change machine in during the pandemic so that eliminated any hassle.

The pandemic did a number on markets all over the country, and any good investor will continue to educate themselves and shift with the market.Bigger Pockets has a lot of wonderful calculators, but one thing I have found they are lacking is a long-term hold calculator that highlights property appreciation, rent appreciation, and cash flow.

This option does require a healthy amount of capital which seems like you have.Unfortunately, when I was considering this was right before the pandemic broke out so I actually ended up doing Option 3.

We had planned to do a 1031 on it (beautiful area, but the HOA keeps rising), but the situation obviously has changed because of the coronavirus. 

I guess to be fair, I had my GC built the first unit way before the pandemic but I paid almost half of the cost of this.