{"id":111209,"date":"2019-05-22T14:30:47","date_gmt":"2019-05-22T20:30:47","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=111209"},"modified":"2021-03-16T14:54:07","modified_gmt":"2021-03-16T20:54:07","slug":"buy-real-estate-market-crash","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/buy-real-estate-market-crash","title":{"rendered":"Should You Wait for the Next Market Crash to Invest in Real Estate?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Wow! It\u2019s hot right now! <\/span>And I\u2019m not talking about this Hawaiian weather.<\/p>\n<p><span style=\"font-weight: 400;\">I\u2019m talking about the real estate market. It\u2019s crazy competitive, hard to find good deals, and sellers receive multiple offers on a lot of properties.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All this has many people thinking, \u201cYou know what? I think I\u2019ll just wait for the market to drop again, since it goes up and down in cycles, and I\u2019ll jump in next time.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But this might actually not be a good idea. Here I\u2019ll explain why waiting to invest in real estate now might limit your ability later.<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/HS0vUh-3Un0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><em><strong>Related: <\/strong><\/em><em><a href=\"https:\/\/www.biggerpockets.com\/blog\/recession-proofing-your-real-estate-investments\/\" target=\"_blank\" rel=\"noopener noreferrer\">3 Tips for Recession-Proofing Your Real Estate Investments<\/a><\/em><\/p>\n<h2>Waiting for the Next Market Crash Before Investing?<\/h2>\n<p><span style=\"font-weight: 400;\">So, should you wait to invest in real estate until the market crashes again? <\/span><span style=\"font-weight: 400;\">Probably not.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While I understand and respect the sentiment\u2014wanting to wait for the market to get easier\u2014let me offer a few pieces of advice on why I think that\u2019s a bad idea. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When the market does correct itself again (and it will, real estate <em>is<\/em> cyclical), you need to be prepared and ready to buy. But if you sit back right now, refusing to partake, you won\u2019t have the confidence, clout, or collateral to invest. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">What&#8217;s more, there are deals to be found in today\u2019s real estate market. You just have to work harder to get &#8217;em! It <\/span><span style=\"font-weight: 400;\">requires that you become an expert at finding deals, <a href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-investment-analysis\" target=\"_blank\" rel=\"noopener noreferrer\">analyzing deals<\/a>, and <a href=\"https:\/\/www.biggerpockets.com\/companies\/hard-money\" target=\"_blank\" rel=\"noopener noreferrer\">putting together financing<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is it hard? Yes, often it is!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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\u2014and confidence\u2014to knock the ball into the left field bleachers! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the same way, becoming an experienced real estate investor now by developing the skills necessary in today\u2019s 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\u2019ll be ready to dominate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, use this time to sharpen your skill. Don\u2019t go jump into a bad deal, but learn how the pros are buying real estate deals in <em>this<\/em> market. You\u2019ll thank me when the market drops again.<\/span><\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/webinars\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-91217\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01.jpg\" alt=\"\" width=\"700\" height=\"85\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01.jpg 700w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01-300x36.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p><em>What do you think of this strategy? Do you buy it? Are you partaking in real estate now? Or waiting on the market?<\/em><\/p>\n<p><strong>Let&#8217;s talk in the comment section!<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The real estate market is hot right now. It\u2019s crazy competitive, hard to find good deals, and sellers often receive multiple offers.\u00a0This has many would-be investors thinking, \u201cI\u2019ll just wait for the market to drop again, and I\u2019ll jump in next time.\u201d But this might actually not be a good idea. Here I\u2019ll explain why. <\/p>\n","protected":false},"author":710,"featured_media":111213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5528],"tags":[],"class_list":["post-111209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/111209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/710"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=111209"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/111209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/111213"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=111209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=111209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=111209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}