Trembling In Newport News
Hello All!
I am a bit worried about entering the game right now with all the forecasts of different crashes, inflations, and possible fraudulent claims of the federal reserve... How do you weather a storm you haven't had time to prepare for? HELP!? What should I do? Talk me off the ledge, or push me over...I need help.
I want to build generational wealth. I want, more immediately, cashflow for financial freedom. How do I obtain these goals when the horizon is so turbulent?
Louis Walker
Most Popular Reply
@Louis Walker there’s a saying that the best time to buy real estate is (a decade ago, 2012, two decades ago, etc.), the next best time to buy is today. We can spend all of our time worrying about what the market will do, or we can underwrite our deals conservatively, and jump in with both feet. In the event of a downturn, if you’re conservative, perhaps you’re treading water instead of doing the butterfly stroke. Either way, you win because you gain experience. Trust me because I spent 15 years in the analysis-paralysis between 2005 and 2020. How much money did I miss out on because of it?
- Kristopher Kyzar