When is Your Ideal Time to Buy?
Hi BP community,
I am looking to invest in my first buy and hold property within the year. If you get a second, can you let me know what trends you notice in your property acquisition timing? Is there a better time of year to invest, in your opinion? Does the time of the year matter to you? Why or why not?
I believe anytime can be a good time to buy if you are prepared and make the numbers work in your market. Prepared meaning you have your funding ready, team in place, business processes figured out, and complete your due diligence. Once you figure those things out I think finding a property that meets your cashflow and ROI requirements is the final piece of the puzzle. I could be missing something, if that's the case, can you let me know your thoughts?
Thank you!
Nikki