When do you think is the best time to pick up an Investment Prop?

[Jacob Krafka]

Timing is everything in this world, so what do you all think? 

[Joe Villeneuve]

When the property is a deal...but that answer never changes.

[Dave Skow]

Jacob - 1) when you can  qualify  2)  have ample  funds 3) make the numbers  work  for your  goals  .......start with getting pre approved  ( assuming you need to use  financing ) as  without this - you wont get  very far 

[Jacob Krafka]

Quote from @Joe Villeneuve:

When the property is a deal...but that answer never changes.

 I wish all my investors thought this way!

[Jacob Krafka]

Quote from @Dave Skow:

Jacob - 1) when you can  qualify  2)  have ample  funds 3) make the numbers  work  for your  goals  .......start with getting pre approved  ( assuming you need to use  financing ) as  without this - you wont get  very far 

 I am an investment broker myself, but when I get started with my own portfolio, I will keep this in mind. I just like to see how all investors are thinking now!

[Eliott Elias]

Best time is always NOW. Always be on the lookout for deals

[Dan H.]

2012!  2013 to 2020 were not bad either.  

I question if today is a good time.  My own belief is that a year from now will be better for most properties.  For me to purchase today, it has to either be way under market value or have an outstanding value add.  

For those thinking today is a good time, was 2006 a good time?  Granted if you held to today, you did well.  However you did not do nearly as well as if you had purchased same property in 2012.

Good luck

[Jared Hottle]

The best time to plant a tree is 20 years ago or now. Take consistent action each day whether networking, driving for dollars, setting up MLS feeds, writing letters, etc. If its a deal you can make it work in any market. When interest rates are up use it to your advantage to get a better asking price and refinance later. When interest rates are down and the market is hot see if you can find off-market deals, refinance your current deals and lock up longer term debt.

[Mike Dymski]

The answer to this in the past has always been that there are opportunities in every market. That is true today but stagflation changes things a lot. There are lots of opportunities for cash buyers right now but finding leveraged opportunities that pencil out with borrowing costs of 7+% and rising, the related impact on DTI and DSC requirements, and tighter commercial lending is a game changer. Interest rates are higher than cap rates in many cases, which means losing money absent adding value or appreciation (while values are declining). We should require posters to state their actual purchases with their opinions to ferret out the sales talk versus the real action.

[Theresa Harris]

It really depends on the local market, but if you find a place where the numbers work, then buy it.  This is assuming you are doing long term buy and hold.  One market I bought a condo for $135K, another I bought a single family home for $215K.  Same year, just different locations.  That was about 5 years ago.  Today the condo is worth $135K and the single family home about $500K.  Now one of those markets has seen almost no increases in home prices since 2007 as they keep building so many new homes, the other has seen insane increases over the last 10 years in part because there are restrictions on new builds.

[Eric Gerakos]

Only when the numbers make sense.

[Anthony King]

I'd have to say noon is the best time.

[Bruce Woodruff]

There are no bad times...every cycle has it's opportunities.

[Jacob Krafka]

Quote from @Anthony King:

I'd have to say noon is the best time.

 Haha that is funny. Had the whole office laughing on that comment!

[Jacob Krafka]

Quote from @Bruce Woodruff:

There are no bad times...every cycle has it's opportunities.

 Damn right!

[Marco Fiore]

Like said previously, buying an investment property involves quite a few variables. There's always a time to buy no mater what the market is looking like. It just depends on your goals and what you are trying to get out of the property. Its better to have your time in the market rather than trying to time the market. If you are thinking about buying now, spend your time looking, get you financials together, and be on the look out for property that matches your criteria/goals. 

[Steve Kontos]

Any day you're alive and kicking

[Jacob Krafka]

Quote from @Steve Kontos:

Any day you're alive and kicking

 My man !

[Bob Stevens]

Quote from @Jacob Krafka:

Timing is everything in this world, so what do you all think? 

 No idea how to respond to this except, when the numbers make sense.  

[Bob Stevens]

Quote from @Anthony King:

I'd have to say noon is the best time.

 HA HA , LOVE IT. Actually, I like it after lunch,