Every investment strategy has its ups and downs, which is why you draft a business plan.
Business plans help keep an investment property bullet proof.
Right now is actually, not a horrible time to buy investment property. Sellers are lowering their prices because the demand has lowered. It is supply and demand basics playing a role in how investment properties are being priced. As an investor, this is actually a green light to pull the trigger on buying that next investment property.
There are going to be crucial factors, that investors will need to implement to their business plan for a newly acquired building.
Investment Property Tips Post Pandemic:
After reading this, you might think… no thanks, I am going to wait on buying my next investment property. Hold on though. We are seeing Los Angeles regulations lifted slowly but are being lifted! This means we are closer to the end then farther. Jumping in on lowered investment property costs is something new investors dream of! Take advantage of the market, for what it is, and continue to build your passive income!