I just purchased a 4-plex, i sent a notice to one of the tenants that i had to raise his rent buy $350. that is still under market by about $150 but given the circumstances i figure i would wait until next year to raise it to market. i just couldnt let him rent my largest unit with the only laundry hook up for less then my smallest cheapest unit rents for. what i did is i gave him over 3 months before the rent increase will take in affect. that will give him time to find a new place or figure out how to come up with money.2 of my other units are under market also but only about 100 and im fine with that during these times. i think its all about choosing your battles.

More specifically, I am ready to enter the market but don't want to enter in too early before the economic effects of COVID hit the market and prices truly start to drop.So my basic questions are:Do you see the virus turning this into a buyer's market?

We need to get into the details at a later date to understand more about timing, but economics can give us hints as to the general direction of the market over time and with so much uncertainty still, that might be the best we can hope for.Short Term Demand Goes DownI believe that in the short run, commercial real estate values (and other financial asset values) will decrease, with a period of reinflation leading to valuations much higher than their pre-crisis levels.

Economic Development Administration of U.S.

I don't think any bank will let you take on a second like that, especially given the current economic environment.

If not, this is exactly the type of investment (early build in a high volume development) you should avoid if you think there is a chance of an extended period of economic weakness. 

I was intrigued with the public programs that make this project make economic sense.

It's supposed to be the largest movie theater area in Socal (or California), I forget.  

We've seen the longest run-up in the US economy leading to this, coupled with the largest single-day losses on Wall Street, plus the skyrocketing unemployment that never happened (to near this extent) during the last crash due to stay-at-home orders across the nation (also not part of last crash). 

Your first year it might be 0% a we still work through the economic fallout of COVID. 4.