Is now a good time to start?

[John Peltier]

Rookie here, getting a late start (early 50s) but wanting to get my first buy-and-hold property this year.  I keep seeing Zestimate charts showing a dramatic spike this year after five to ten years of stability.  Given the extreme supply shortage, I understand property can command those prices - but for a buy-and-hold scenario, does it make sense to invest during what looks like an unsustainable price surge?

I'd be grateful to hear how some of you are proceeding this spring.  Thanks!

[Jackson Babcock]

John its hard to time the market and if you sit back and wait for a dip then you could miss out on years of investing. Stay strict with your underwriting and make sure you are buying for cash flow and not just appreciation.  If the numbers don’t work, don’t try and make them work.  Pass on the opportunity and keep searching for that deal. They are still out there.