Anyone out there buying properties right now?

Buying & Selling Real Estate
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Anyone out there buying properties right now?

Marianne Lopez-Henthorn
Rental Property Investor · Fort McMurray Alberta, Canada · Member since 2018 · 62 posts · 26 votes

I'm just curious about who's buying in this economy right now. Out of all the REI Instagram accounts I follow, it seems not a lot are actively buying. In fact, it seems a lot of people have turned to private money lending.

I haven't purchased anything since summer last year and am hesitant to get into the market again.

Please let me know if you're still actively buying right now, or why you're not.

Thanks for your input!

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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y

The ones who stopped buying are fake investors. You adopt, you don’t stop. The ones actively buying see the opportunity the market has right now.

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  • Jay ThomasPro Member
    Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
    3y

    I understand your hesitation to get into the real estate market now. However, there are still many people actively buying in this economy. With mortgage rates near all-time lows and inventory in many markets remaining historically low, now is still an excellent time to buy. Of course, you'll need to do your own research and be aware of the risks that come with buying in a market like this. You should also speak to an experienced real estate professional for more advice on the current market conditions and how it could impact your decision. Ultimately, however, only you can decide if now is the right time to make a purchase. Good luck!

    [email protected]832-889-5607
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  • Steve Vaughan
    Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
    3y
    Quote from @Marianne Lopez-Henthorn:


    Please let me know if you're still actively buying right now, or why you're not.

    Unless a screaming deal happens to fall in my lap, no way.  Putting a duplex up for sale as we speak.
    4-week T-bills are paying 5.4%.  Not enough risk and hassle premium above risk-free to 'get off the couoch'.   Happy hunting LOL
    0Reply
  • Scott AllenBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 449 posts · 471 votes
    3y

    @Marianne Lopez-Henthorn

    You should only be buying right now if the deal you're looking at or working on makes sense for you/your situation. It might be harder to find deals with good cashflow but if you're looking for long-term holds then you just want to make sure you're not burning money. 

    [email protected]614-698-1227
    Reafco - Columbus, OH
    WebsiteView Page
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