What happens if you start at the 'wrong' time?

Question

I ran across a great podcast from ICOR with an interview of someone who I think highly of, and respect his experience and insights.  Here's the summary:

"What happens when you start investing in real estate right before the bubble was about to burst?  A recent episode of the ICOR Podcast talks with Clint Macklin who tried to become a Real Estate investor back in the hay day of 2007 and 2008 but quickly realized just how hard the business can be (ups, downs, you name it).  Now, after many years, a drive to succeed, and working with a mentor, Clint has been involved with several flips and now has a portfolio of properties in Cleveland, Ohio."

Here's the link: https://icorockies.com/real-estate-investing-podcast/102-student-full-time-investor/

Joe Villeneuve · Answer

There's never a wrong time...just a wrong deal.

Nick C. · Answer

I'd agree there isn't a wrong time. There's enough wrong deals and wrong strategies out there to make people go broke during any market cycle.

If you aren't over leveraged and have cash reserves a bubble bursting should be seen as more of an opportunity than a catastrophe.

Linda Weygant · Answer

The common quote is:When is the best time to invest in real estate?   10 years ago.When is the second best time to invest in real estate?  Today.

No qualifiers.  Markets are markets and money can be made in any of them.  Different strategies for different markets.

Tim Emery · Answer

@Rob Jafek Thanks for the shout out! Clint is a great guy, he's also a web developer if you need some help. When you make it to Colorado let us know. I'm sure we can set up lunch. I saw him yesterday!

Rob Jafek · Answer

So true!  Thanks for the contribution to the conversation.

Rob Jafek · Answer

Thanks @Tim Emery!  I'll look forward to it!

What happens if you start at the 'wrong' time?

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