A good time to start investing with this high market?

[Joshua Sun]

I've been hearing mixed opinions on starting out now, versus holding on to the money until the housing market dips. 

The con of starting now is that the investment properties value will dip shortly after you purchase it.

In my opinion, the pro of starting now is building a network, getting my feet wet in real estate, and being even more prepared to save up and buy up property when the market dips. 

Also, worst case, if it cash flows, and them market dips, wouldn't the rent still cover the P&I, cap ex, etc? 

We also don't know when the market will dip.

Thoughts? 

[Will Barnard]

Originally posted by @Joshua Sun:

I've been hearing mixed opinions on starting out now, versus holding on to the money until the housing market dips. 

The con of starting now is that the investment properties value will dip shortly after you purchase it.

How do you know the market will dip right after you purchase, you have some crystal ball you can share with us? Many investor, including myself, thought a market correction was coming in 2017. We were wrong and though I did not sit on the sidelines (thank goodness), anyone who did missed on on 4 more years of growth in the market in just about every location in the US. So to quote the popular saying, don't wait to buy real estate, buy real estate and wait.

A good deal is a good deal no matter what the market does down the road for buy and hold. For flips, you do need to be careful of a deal which exposes you to a long timeframe in a market that is poised or already started to decline as time is your enemy on flips.