Should You Wait for the Next Market Crash to Invest in Real Estate?

Should You Wait for the Next Market Crash to Invest in Real Estate?

2 min read
Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and podcaster. He is a nationally recognized leader in the real estate education space and has taught millions of people how to find, finance, and manage real estate investments.

Experience
Brandon began buying rental properties and flipping houses at the age of 21. He started with a single family home, where he rented out the bedrooms, but quickly moved on to a duplex, where he lived in half and rented out the other half.

From there, Brandon began buying both single family and multifamily rental properties, as well as fix and flipping single family homes in Washington state. Later, he expanded to larger apartments and mobile home parks across the country.

Today, Brandon is the managing member at Open Door Capital, where he raises money to purchase and turn around large mobile home parks and apartment complexes. He owns nearly 300 units across four states.

In addition to real estate investing experience, Brandon is also a best-selling author, having published four full-length non-fiction books, two e-books, and two personal development daily success journals. He has sold more than 400,000 books worldwide. His top-selling title, The Book on Rental Property Investing, is consistently ranked in the top 50 of all business books in the world on Amazon.com, having also garnered nearly 700 five-star reviews on the Amazon platform.

In addition to books, Brandon also publishes regular audio and video content that reaches millions each year. His videos on YouTube have been watched cumulatively more than 10,000,000 times, and the podcast he hosts weekly, the BiggerPockets Podcast, is the top-ranked real estate podcast in the world, with more than 75,000,000 downloads over 350 unique episodes. The show also has over 10,000 five-star reviews in iTunes and is consistently in the top 10 of all business podcasts on iTunes.

A life-long adventurer, Brandon (along with Heather and daughter Rosie and son Wilder) spends his time surfing, snorkeling, hiking, and swimming in the ocean near his home in Maui, Hawaii.

Press
Brandon’s writing has been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media.

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YouTube
Instagram @beardybrandon
Open Door Capital

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Wow! It’s hot right now! And I’m not talking about this Hawaiian weather.

I’m talking about the real estate market. It’s crazy competitive, hard to find good deals, and sellers receive multiple offers on a lot of properties. 

All this has many people thinking, “You know what? I think I’ll just wait for the market to drop again, since it goes up and down in cycles, and I’ll jump in next time.”

But this might actually not be a good idea. Here I’ll explain why waiting to invest in real estate now might limit your ability later.

Related: 3 Tips for Recession-Proofing Your Real Estate Investments

Waiting for the Next Market Crash Before Investing?

So, should you wait to invest in real estate until the market crashes again? Probably not.

While I understand and respect the sentiment—wanting to wait for the market to get easier—let me offer a few pieces of advice on why I think that’s a bad idea.

When the market does correct itself again (and it will, real estate is cyclical), you need to be prepared and ready to buy. But if you sit back right now, refusing to partake, you won’t have the confidence, clout, or collateral to invest.

What’s more, there are deals to be found in today’s real estate market. You just have to work harder to get ’em! It requires that you become an expert at finding deals, analyzing deals, and putting together financing.

Is it hard? Yes, often it is!

But have you ever noticed the baseball player taking a few practice swings before stepping up to the plate at a baseball game? Instead of swinging one single bat, he grabs three or four bats, bunches them all together, and swings all of them together. Why? Because his muscles get quickly accustomed to the weight of three bats. When he drops the extras and approaches the plate moments later, the single bat in his hand feels light as a feather, giving him the ability—and confidence—to knock the ball into the left field bleachers!

In the same way, becoming an experienced real estate investor now by developing the skills necessary in today’s market will help you knock it out of the park when the market does decline. Your skills will be sharp, your reputation will be solid, and your finances will be in order. You’ll be ready to dominate.

So, use this time to sharpen your skill. Don’t go jump into a bad deal, but learn how the pros are buying real estate deals in this market. You’ll thank me when the market drops again.

What do you think of this strategy? Do you buy it? Are you partaking in real estate now? Or waiting on the market?

Let’s talk in the comment section!