Time in the market not timing the market

[Zackary Thomas]

I am a new investor in the military and ready to get my first investment property in my portfolio. I have been networking, researching, and talking with a few experienced investors. I have been getting mixed opinions on whether I should wait out the high prices/interest rates vs finding a good deal and investing now. I understand it is not about timing the market but time in the market. I would like some advice on how to approach getting my first property in the current market.  Thank you in advance!

[James Dainard]

Hey Zackary,

It's a little difficult to get into a deal due to interest rates right now.

If you're starting off, you're going to want to use your owner-occupied VA loan to take down a multifamily property. preferably 4 units. If you can just get into a deal now and hold it or renovate it while rates fluctuate, you'll be in a great place to refinance once rates come down again.

You're right about time in the market! Start collecting rents! Make sure you mitigate as much risk as possible by inspecting the property and getting a contractors opinion on any renovations.

Right now sellers that need to sell need to sell. If they had the option to hold their property and continue to make gains they would. If they are liquidating now it's because they need that cash to move to either another asset or for life.

Hope that helps man, best of luck!