Buy or wait

[Mohan Kurraa]

I am currently looking at a rental property that will be cashflow positive but the price is higher by 7%, With the instability would you wait or buy? priced at a million and older property and probably has foundation issues which are resolved and warranty transferable. 

Thoughts?

[Scott Trench]

As an outsider, I don't really know, but it's really hard for me to envision it being a bad time to invest in Austin, TX real estate if you know what you are doing. 

It's got to be a deep buyer's market, especially for investment property, with a lot of jaded investors exiting deals and just trying to get something back, if anything. 

Again, I don't know, but I imagine that there are expired listings, price drops, and sellers willing to take lowball offers all over the place.

That's how it is in Denver, it seems. I'm more active right now than I have ever been, and will buy more real estate in 2025 than I have in my entire rest of my career combined. I bought a property in January that dropped price 6 times over nearly 18 months. I'm under contract on a property that was first listed at $875K last year for $630K. 

If now is not the time to buy, when will it be? What's a "Crash"? What's the bottom? 

Maybe I buy right now and prices crater. But, if it's not the bottom and about to crash, it's certainly no longer the top. 

I'm taking my chances now, personally.