Updated about 6 years ago on . Most recent reply
Is now a good time to start investing?
Good morning all (PST),
I am going to start by saying, I am so happy I have found Bigger Pockets and everyone in it. I have been reading through all the forums, attending webinars and listening to the podcasts. Thoroughly enjoying learning the process.
With that said, I am looking to buy my first investment property. Due to the corona virus, I am hesitant. People are dying, losing jobs and aren’t able to pay rent. I guess what I am trying to ask is that is there ever a right time? I would love to hear different opinions about the whole situation.
Thank you!
Most Popular Reply
@Jordan Murrell The answer is yes. It’s always a good time to start investing. Truthfully, investing is not about timing; it’s about numbers. Do the numbers make sense if things stay the same? Do the numbers make sense if things go down? What if they go down a lot? Is the location able to support a downturn in the market or will people start to mass exit the area? Do I have enough reserves to whether most unforeseen events or government intervention in my investing plan? If you are able to answer those questions and still feel good about the investment, then go for it. If not, then don’t.
Additionally, those who know how to invest know how to recognize good deals and they have networks and systems in place to take advantage of good deals quickly. So even if you don’t find a deal that looks like it makes sense by the numbers, spending time learning and networking with people who are still doing deals is going to help prepare you for when you do find a good deal.