New BiggerPockets Article: What Could Record-Breaking Unemployment Mean for Investors?

The economy is in a deep recession yet the stock market has just hit an all-time high (after taking a record breaking dive earlier this year) and the real estate market is still going strong. Unemployment hit its highest mark since The Great Depression in April at 14.7 percent and is still high at 8.4 percent. So what should real estate investors do in this wacky market?

Well, I'm glad you asked. That's what my most recent piece for BiggerPockets covers,

​"My normal advice to new investors is to jump in sooner rather than later. It’s easy to get stuck endlessly reading books and listening to podcasts and never actually starting. My normal advice doesn’t necessarily apply right now.

"This is not a market I would be head-over-heels to jump into. Sure, if you find the right deal, go for it. But investors and particularly newbies should be substantially more cautious and conservative right now.

"If you have been considering liquidating a few properties—with prices rising and inventory at historic lows—this is not a bad time to do it.
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"That doesn’t, of course, mean that you need to or should sell all or even some of your properties. We certainly aren’t doing so. But we are being far more cautious with our purchases. A more volatile market that’s likely near the top means we want a better deal than before."

I go into much more detail in the piece, so check it out!