"Better" time of year to buy

[Alex Buscaglia]

Hey Everyone,

I was wondering if all you midwestern investors could fill me in. I know there's no better time than the present, seize the day, etc. etc. However, do you all feel like there's a better time than others to purchase a property (first property) to give yourself the best chance and snagging a renter soon thereafter? I know renting in Chicago is best to do around May and around September, but how does that compare to NW Indiana? Or nothern similar midwestern areas?

Thanks!

[Thomas S.]

You buy a deal when it comes along and they come along every day. As for tenants it is generally an old wives tail that there is a good and bad season to find tenants. Numbers do fluctuate but each unit only requires only one tenant and tens of thousands of tenants move every month of the year.

If a landlord is having a problem getting applicants he/she is doing something wrong.