Is it time to cash out that equity yet?
Case Schiller on a 31 MONTH HIGH!?! Maybe we should be more concerned about the return OF our money rather than the return ON our money. If you aren't getting out should you think twice about getting (any further) in?
Kathy Fettke (Real Wealth Network) says in her latest podcast, "The important thing is to NEVER buy at the top of the market, unless you plan to hold it at a very, very long time." She goes on to say, "But if you buy for cashflow, not equity growth,then you have a MUCh better chance of SURVIVING any upcoming downturn."
Surviving...I'm not investing in Real Estate to only be "surviving". So, you have to ask yourself, can you be brave enough to NOT be investing right now?
Coastal investors, can you be brave enough to invest in NOT HOT cash flow areas?
High End investors...are you brave enough to buy in a D area to continue making money at the bottom of this cycle?
Are any of us brave enough to stop being so darn brave...