Investor · Colorado Springs · Member since 2021 · 58 posts · 39 votes
Hi, I'm an investor and I own several properties in Colorado and Alabama. I am watching the current events, keeping my attention on the market cooling, and wondering what everyone is doing as far as investing? My next main move will be to jump into a larger multi-family property, however with all the talk of a bubble bursting, market correction, and uncertainty I am unclear on when the right time will be to start actively pursuing a deal? What key indicators is anyone watching?
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
4y
I am definitely not sitting on the sidelines. Disciplined investors keep looking for deals but keep their criteria strong. The market has shifted and gotten more competitive over the years, but that's what markets do. I believe sitting on the sidelines is really more of an excuse for inaction than anything else.
Real Estate Agent · Fort Collins, CO · Member since 2020 · 14 posts · 10 votes
4y
Hey there Crisselda, in Colorado we're already starting to see prices cooling off by way of more time on the market and even price drops. This in itself is not a sign of a looming crisis. This is more indicative of a "normal" real estate market. I would say now, maybe even more so than the last year, is really the time to buy especially if you're an investor primarily using the MLS to find deals. If the numbers make sense even with a slightly under market rental number to account for potentially needing to drop in the event we do enter a recession, then you'll be fine. People always need a place to live and maybe even more so in a recession. You just have to be willing to hold onto the property through the downturn. Only time you get hurt on a rollercoaster is when you jump off. Keep hunting for the good deals because you may start to see more coming up.
Also, in my opinion, I don't foresee a housing crisis looming. A recession does not always equal a housing crisis, especially when inventory is several million units behind demand countrywide.