Is anyone buying real estate during this HOT market?

Is anyone buying real estate during this HOT market?

Contractor · VT · Member since 2021 · 1 post · 1 vote

Is anyone currently buying Real estate with the market being so hot? I'm looking to purchase my first investment property and don't want to overpay! 

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  • Real Estate Agent · Member since 2020 · 139 posts · 103 votes
    5y

    Here's the way that I look at it.

    Almost every asset class has some level of unpredictability or volatility this includes the housing market. My analogy roots from the stock market and goes like this; Some of the wealthiest investors don't pay attention to what the market is doing they do something called dollar-cost averaging where no matter what they buy a certain amount of stock, bond, ETF. 

    The concept also applies to REI but on a much larger scale. If you find a deal that cash-flows or has huge upside potential then buy away.

  • Realtor · Santa Ana, CA · Member since 2014 · 131 posts · 111 votes
    5y

    Joe, there’s and old saying that I heard some wealthy long term hold investors say many years ago. “ Don’t wait to buy real estate, buy real estate...then wait “.   My experience over the last 40 years has proven them right.

  • Rental Property Investor · Surprise, AZ · Member since 2020 · 405 posts · 179 votes
    5y

    @Joe Beaupre

    I have been. As long as the numbers work you shouldn’t have an issue. If you plan to hold long term worry more about cash flow than appreciation.

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