Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Chris Wilson
2
Votes |
6
Posts

Investing in recession

Chris Wilson
Posted

Hello,

I have been studying real estate investing since 2019 and have been saving up, learning, working on my credit score and even got my real estste liscense so I could become an even better investor. Now that the time has come to where I can finally be financially ready to get my first rental property, Housing has skyrocketed, interest rates have gone up and the market that I have been looking to do live in flips is becoming oversaturated which means even higher prices and demand, Making it harder to find deals. I'm very worried about the impending recession and am wondering if it is still a good time to start my investing journey now or wait till a possible housing downturn. Does anyone have any advice on what I should be doing? Thanks for all your help and advice.

Most Popular Reply

User Stats

28,236
Posts
41,366
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,366
Votes |
28,236
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Chris Wilson:

It's unfortunate timing, but don't let that stop you!

Keep evaluating homes and looking for deals. You may need to look at different markets six States away. Tell everyone and their brother what you are looking for - always - and someone will eventually bring you something. Be specific (e.g. "I'm looking for 2-4 units with off-street parking, a pitched roof, in [neighborhood], that is priced below [price] and renting below market.")

Read "Long-Distance Real Estate Investing" by David Greene if you want to look in other markets. 

Keep educating yourself and keep looking. There's always something to learn, there are always deals out there. The people that don't give up are the ones finding them.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
168 Reviews

Loading replies...